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Income Tax - Highlights / Catch Notes

Home Highlights December 2012 Year 2012 This

Deduction u/s 80P(2)(a)(i) - Co-operative Bank - The question ...


Court Rules Cooperative Banks Can Deduct Interest Income from SLR and Non-SLR Funds u/s 80P(2)(a)(i.

December 15, 2012

Case Laws     Income Tax     HC

Deduction u/s 80P(2)(a)(i) - Co-operative Bank - The question as to whether the business is derived from or attributable to SLR or non-SLR funds would not make any difference for the purposes of qualifying the interest earned by the cooperative bank under Section 80P (2) (a) (i) - HC

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