Easy Office
LCI Learning

Can i claim 80p on interest income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 May 2022 Sir,

Can a cooperative society take deduction of 100% of profit under 80p.
If society income is generate from interest income, which they have given loan to various people.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
13 May 2022 80P deduction available only on interst received from members. It's 100% available.
Profile Image

RAMESH KUMAR VERMA

Profile Image

RAMESH KUMAR VERMA (Expert)
13 May 2022 100% deduction is available under Section 80P towards the Profit And Gains .
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links