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To claim deduction under section 80P the status of the co-operative society shall be a primary society
Case Law Details
- Case Name
- ACIT Vs The Salem District Co-op. Milk Producers Union Ltd. (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- ITAT Chennai
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RELEVANT PARAGRAPH
8. As seen in section 80P(2)(b), the deduction in respect of income of co-operative societies has been dealt in under different parts. In respect of the sums referred in clause (a) of sub-section (2), the assessee needs to be a co-operative society engaged in various activities specified therein. In the case of sums referred to in clauses(c) and (d) of sub-section (2), again it is sufficient that the assessees be co-operative societies. But, in the case of sum referred in clause (b) of sub-section (2), a co-operative society must be a primary society. It is ...
Respected Sir,
I want to know the defination of Co-operative society deduction U/s 80P of the Income Tax Act.
Our Co-Operative Society is engaged in trading business Jatropha Plants so i want to know which deduction provide under section 80P of the Income Tax Act.
Kindly Assist me for the same.
Thanks & Regards
Respected Sir,
I want to know the definition of Primary Co-operative Society u/s 80P of the Income Tax Act.
Kindly assist me for the same.