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ACCEPTING PUBLIC DEPOSITS

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(Querist)
24 October 2019 Can a registered co-operative society (which is a hospital) accept deposits from public in the nature of fixed deposits? Whether tax provisions to be considered when paying interest on deposits?
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CMA SIVAKUMAR A,ACMA.

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CMA SIVAKUMAR A,ACMA. (Expert)
26 October 2019 INCOME TAX PROVISIONS IS TO BE CONSIDERED AS PER THE LATEST DECISIONS OF CBDT AND INCOME TAX DEPARTMENT

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