TAX SLAB RATE OF CO-PERATIVE SOCITIES ACT.

on income of rs. first 10000-10%

on next 10000                        -20%

on balance                             -30%

education cess - 3% in addition to this

surcharge_nil

Cooperative Societies

Assessment Years 2008-2009, 2009-2010 and 2010-2011

Income up to Rs. 10,000  -  10%

Income Rs. 10,000 to Rs. 20,000  -  20%

Income Rs. 20,000 and above  -  30%.

No surcharge is applicable.

The education cess is 3%.

Construction work has been done in the society. The gross receipts are 50 Lakhs wheather audit U/s 44ab is Required?????  The object of the society to promote the economic lnterest of manuals labours, skilled workers of otherwise and for that purpose Construction work has been done. Wheather Sec 80P is applicable??????

Dear Professional Brothers

HAVE CO OP SOCIETY SEPERATE INCOME TAX SLAB , IF YES PLEASE SPECIFY  INCOME TAX SLAB OF FOR COMPUATUON OF INCOME OF CO OP SOCIETY UNDER INCOME TAX ACT 

WHAT IS THE SLAB RATE FY 2011-2012