Interest income on investment of surplus fund with cooperative banks is entitled for deduction under section 80P(2)(d): ITAT Mumbai
Here is another interesting case by Mumbai ITAT which has held that interest income on investment of surplus funds with cooperative ...
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Posts tagged "section 80P(2)(d)"
Interest received by Cooperative societies from cooperative banks is eligible for deduction U/s 80P
Interest received by Cooperative societies from cooperative banks is eligible for deduction U/s 80P
There are various income tax scrutiny proceedings wherein the show cause notice has been issued to tax the interest on deposits with cooperative banks by denying ...
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Cooperative societies entitled to deduction of interest on deposits with cooperative banks: ITAT Mumbai
Cooperative societies entitled to deduction of interest on deposits with cooperative banks: ITAT Mumbai
Palm Court M Premises Co- operative Society Limited (ITA 561/Mum/2021)
Facts:
1. The assessee is a co-operative housing society registered under the Co-operative Housing Societies’ Act and has ...
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Interest income received from Co-operative Bank is eligible for deduction Under Section 80P(2)(d)
Interest income received from Co-operative Bank is eligible for deduction Under Section 80P(2)(d)
There are various cases wherein the assessing officer is denying the claim of the credit cooperative society towards interest income received from Co-operative Bank. The reason given ...
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