Interest received by Co-operative Society from Co-operative Bank allowable u/s 80P(2)(d): ITAT [Read Order]

Distributorship Contracts Alone would not Attract Penalty for Cash Transaction Exceeding Rs. 2 Lakh for Co-operative Societies: CBDT [Read Circular]

Transfer Charges, Non-Occupancy Charges etc collected by Co-operative Societies from Its Members are Exempt from Income Tax: Supreme Court [Read Judgment]

Co-operative Societies cannot use the word “Bank” in their Name, cannot Accept Deposits from Non-Members: RBI

Co-Operative Societies Engaged in Banking Business for the Public Not Eligible for Deduction u/s 80P of IT Act: SC [Read Judgment]

Co-Operative Societies cannot Claim Deduction on Net Interest Income from FDRs with Nationalized Banks: ITAT Ahmedabad