Interest Income earned by Cooperative Bank on Investments made with other Cooperative Bank is eligible for Deduction u/s 80P(2)(a)(i) Income Tax Act: ITAT deletes Revision
Category: Hsg Society
👍👍👍👍👍The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the income earned by the co-operative society is eligible for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961.
Clipped from: https://www.taxscan.in/income-earned-by-co-operative-society-is-eligible-for-deduction-u-s-80p2ai-of-income-tax-act-itat/298355/ Income Earned by Co-operative Society is eligible for Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order] The Kolkata bench Section 80P(2)(a)(i) of the Income
👍👍👍👍👍ITAT allows section 80P deduction on Interest Income of Coop Society on Surplus Fund deposits
https://taxguru.in/income-tax/itat-allows-section-80p-deduction-interest-income-coop-society-surplus-fund-deposits.html https://taxguru.in/income-tax/itat-allows-section-80p-deduction-interest-income-coop-society-surplus-fund-deposits.html An in-depth analysis of the Income Tax Appellate Tribunal (ITAT) Pune’s decision allowing cooperative societies to claim a tax deduction for…
👍👍👍👍👍Section 80P(2)(d) deduction: Co-op Society Eligible to claim on Interest Income from FDR with Co-op Bank
https://taxguru.in/income-tax/itat-ruling-rethal-dudh-utpadak-sahkari-mandali-vs-ito-section-80p2d-deduction.html lipped from: https://taxguru.in/income-tax/itat-ruling-rethal-dudh-utpadak-sahkari-mandali-vs-ito-section-80p2d-deduction.html Rethal Dudh Utpadak Sahkari Mandali Ltd. Vs ITO (ITAT Ahmedabad) The case of Rethal Dudh Utpadak Sahkari Mandali Ltd. Vs ITO, adjudicated
👍👍👍👍👍Deduction u/s 80P(2)(d) available to co-operative society towards interest earned from co-operative banks
https://taxguru.in/income-tax/deduction-u-s-80p-2-d-co-operative-society-interest-earned-co-operative-banks.html Clipped from: https://taxguru.in/income-tax/deduction-u-s-80p-2-d-co-operative-society-interest-earned-co-operative-banks.html University of Agricultural Vs ACIT (ITAT Bangalore) ITAT Bangalore held that assessee, being a employees housing co-operative society, is eligible for deduction
Section 80P(2) Deduction on Interest Allowed for Co-Op. Societies from Co-Op. Banks
https://taxguru.in/income-tax/section-80p2-deduction-interest-allowed-co-op-societies-co-op-banks.html Section 80P(2) Deduction on Interest Allowed for Co-Op. Societies from Co-Op. Banks https://taxguru.in/income-tax/section-80p2-deduction-interest-allowed-co-op-societies-co-op-banks.html ITAT held that Co-Operative Societies can claim Interest Received from Co-Op.
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