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Income Tax - Highlights / Catch Notes

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In order to be eligible to claim exemption u/s. 80P(2)(a)(i), a ...

Income Tax

August 9, 2016

In order to be eligible to claim exemption u/s. 80P(2)(a)(i), a co-operative bank need not carry on the business of banking only with its members. Income attributable to banking activities carried on with non-members will also be entitled to special deduction under this section - HC

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