Whether interest income derived by a co-operative housing society from its investment in a co-operative bank, TAXABLE?
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Interest Income
Replies (5)
Interest income/ Dividend income
Entire amount of such income
Such income is received from investment in any other co-operative society.
Exempted u/s 80P
income by way of dividend and interest from investment in other co-oprative society is fully deductible...
as far as my knowledge is concern there is a notification issued by IT department in this regards...... i have to check
Regards
Madhusudan Kabra
agree both
agree with all
agreeing to both...
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