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Income Tax - Highlights / Catch Notes

Home Highlights July 2017 Year 2017 This

Merely because a co-operative society is carrying on the ...


Co-operative societies in banking can claim Section 80P tax deductions unless classified as a cooperative bank u/s 80P(4).

July 26, 2017

Case Laws     Income Tax     AT

Merely because a co-operative society is carrying on the business of banking, the deduction u/s 80P could not be denied unless it comes within the ambit of cooperative bank as contemplated u/s 80P(4).

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