Real income - co-operative society - The interest paid on the ...

Interest on Share Capital Reduces Member Interest Collection, Not Society Profit; No Impact on Income Tax Rules.

August 2, 2016

Case Laws Income Tax AT

Real income - co-operative society - The interest paid on the share capital goes to reduce the interest collected by the society from its members and it did not form part of the profit. The making provision for the payment of interest on the share capital and paying the interest on the share capital will not make any change in the application of law - AT

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Real income - co-operative society - The interest paid on the ...

Interest on Share Capital Reduces Member Interest Collection, Not Society Profit; No Impact on Income Tax Rules.

August 2, 2016

Case Laws Income Tax AT

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