Co-operative society dividend
Chandolu Mrunalini (5 Points)
07 January 2021
Does dividend from a co-operative society taxable?
2 Replies
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 08 January 2021
The dividend from co-operative societies
The income received by the taxpayer from the co-operative society of which he/she is a member is taxable as income from other sources and taxed at normal rates of tax.
The income received by the taxpayer from the co-operative society of which he/she is a member is taxable as income from other sources and taxed at normal rates of tax.
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