deduction u/s80p

This query is : Resolved 

22 September 2008
there is a credit co-op society, its main object is to accept deposits and giving loans to its members. whether or not it can claim deduction u/s 80p.
please quote some reference if possible.

22 September 2008 It can claim 80P. Section itself is very clear.

22 September 2008 yes


23 September 2008 Yes.
u/s sec.80-P 2(a)(iii)



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