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co-op. society

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Querist : Anonymous (Querist)
31 December 2009 If a co-operative society is statutorily required to invest some of its funds in District Treasury, is the interest from that investment exempted?
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
31 December 2009 No, Interest is taxable.
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ANIL JANGID

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ANIL JANGID (Expert)
31 December 2009 AGREE
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