15 July 2013
I had some questions related to Tax Audit of Co Operative Banks : 1. Why co operative Banks use word limited even when they are not registered under companies Act? 2. Whether Alternate Minimum Tax is applicable to Co Operative Banks? 3. Whether the provision for NPA made by bank is a allowable expenditure? 4. Whether AS 22 regarding DTA/DTL is applicable to Co Operative bank and what if the bank does not make provision of DTL or DTA?
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