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Taxability of Interest income

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(Querist)
28 December 2010 Whether interest income derived by a co-operative housing society from its investment in Fixed Deposits with a co-operative bank, TAXABLE?
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Gayathri Devi

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Gayathri Devi (Expert)
28 December 2010 Interest earned from any investment made in Co-operative Banks qualifies for deduction @ 100% under section 80P(d)

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