Co-operative Societies Eligible for Exemption u/s 80P(2)(d) of Income Tax Act on interest on investments in Co-operative Banks: ITAT [Read Order]

By Devanand T R - On June 7, 2023 6:00 pm - 2 mins read
Co-operative Societies Eligible for Exemption- Income Tax Act on interest on investments in - Co-operative Banks - ITAT - TAXSCAN

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT), held that Co-operative Societies are eligible for Exemption under Section 80P(2)(d) of the Income Tax Act, 1961 on the interest income received by it from investments made in Co-operative Banks. The decision came out when the University of Agricultural Employees House Building Co-operative Society filed…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader