Tax on cooperative society
This query is : Resolved
27 March 2014
A cooperative society is engaged in business of providing credit facilities to members. Society has earned interest on FDR from commercial bank. I want to know whether this interest on FDR is taxable in hands of society????
It's Urgent.....
It's Urgent.....
28 March 2014
yes it is taxable in hand of society
business of society is same
business of society is same
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