If the Cooperative Housing Society has received the income from other than members it will be taxable or not please advice to me
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Income received by society other than Members
Replies (1)
Mr. Gopal Kumar Agrawal
The income of a co-operative society is taxable as per the provisions of income-tax act. Co-operative society can claim certain deductins u/s 80P of the income-tax act.
Best Wishes
Sathikonda
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