![Interest Income from Co-operative Bank Credited to Reserves in Balance Sheet Eligible for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/INTERE1.jpg "Interest Income from Co-operative Bank Credited to Reserves in Balance Sheet Eligible for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]")
Interest Income from Co-operative Bank Credited to Reserves in Balance Sheet Eligible for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that interest income from co-operative bank...
![Co-Operative Bank Eligible for 80P Deduction in respect of Income from Interest on Staff Welfare Fund and Staff Loans: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Co-Operative-Bank-Deduction-Income-Interest-Staff-Welfare-Fund-Staff-Loans-ITAT-Income-Tax-Taxscan.jpg "Co-Operative Bank Eligible for 80P Deduction in respect of Income from Interest on Staff Welfare Fund and Staff Loans: ITAT [Read Order]")
![Interest received by Co-operative Society from Co-operative Bank allowable u/s 80P(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Co-operative-Banks-Co-operative-Societies-Banking-Business-RBI-Deduction-ITAT-Income-Tax-Taxscan.jpg "Interest received by Co-operative Society from Co-operative Bank allowable u/s 80P(2)(d): ITAT [Read Order]")
![No TDS applicable on Payment of Interest to its Member by Co-operative Bank: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/TDS-TDS-applicable-Payment-Interest-Co-operative-Bank-ITAT-Taxscan.jpg "No TDS applicable on Payment of Interest to its Member by Co-operative Bank: ITAT [Read Order]")
![Income earned by Co-operative Society on Investment held with Co-operative Bank can be allowed as Deduction u/s 80P(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Income-earned-by-Co-operative-Society-Co-operative-Society-Investment-Co-operative-Bank-Deduction-ITAT-taxscan.jpg "Income earned by Co-operative Society on Investment held with Co-operative Bank can be allowed as Deduction u/s 80P(2)(d): ITAT [Read Order]")
Bonafide Action of Non-Sharing of AIR by Co-Operative Bank u/s 271FA will not attract Penalty: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has held that a bonafide action on the part of the co-operative bank not filing annual information report (AIR) will not attract...
![Bonafide Action of Non-Sharing of AIR by Co-Operative Bank u/s 271FA will not attract Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Bonafide-Action-Co-Operative-Bank-Penalty-ITAT-taxscan.jpeg "Bonafide Action of Non-Sharing of AIR by Co-Operative Bank u/s 271FA will not attract Penalty: ITAT [Read Order]")
Co-Operative Bank eligible for TDS Exemption u/s 194A for deposits by Nominal Members: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench has held that Cooperative bank share eligible for Tax Deduction at Source (TDS) exemption under section 194A for deposits by nominal members. ...
![Co-Operative Bank eligible for TDS Exemption u/s 194A for deposits by Nominal Members: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Co-operative-bank-TDS-exemption-ITAT-taxscan.jpeg "Co-Operative Bank eligible for TDS Exemption u/s 194A for deposits by Nominal Members: ITAT [Read Order]")
![MCA notifies Producer Companies Rules, 2021 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/02/MCA-Producer-Companies-Rules-taxscan.jpg "MCA notifies Producer Companies Rules, 2021 [Read Notification]")
Interest Income of Co-Operative Society from Co-operative Bank entitled for Deduction under Sec 80P (2)(d): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) held that interest income derived by a co-operative society from its investments held with a co-operative bank would be entitled to claim of deduction under...
![Interest Income of Co-Operative Society from Co-operative Bank entitled for Deduction under Sec 80P (2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Interest-Income-Taxscan.jpg "Interest Income of Co-Operative Society from Co-operative Bank entitled for Deduction under Sec 80P (2)(d): ITAT [Read Order]")
TDS is not payable on Interest paid by a Co-Operative Bank to its members: ITAT Jaipur [Read Order]
The Jaipur ITAT, in a recent ruling observed that TDS provisions under the Income Tax act is not applicable to payments made by a cooperative bank in respect of interest amount paid to its members. ...
![TDS is not payable on Interest paid by a Co-Operative Bank to its members: ITAT Jaipur [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/Tax-dedution-at-source-TDS-Tax-Scan.jpg "TDS is not payable on Interest paid by a Co-Operative Bank to its members: ITAT Jaipur [Read Order]")
A Co-operative Bank is not entitled to Deduction If none of its branches can be classified as a ‘Rural Branch’: ITAT Kochi [Read Order]
The Kochi division of the Income Tax Appellate Tribunal, in A recent decision held that a co-operative rural bank is not entitled to get deduction under section 36(1)(viia) of the Income Tax Act, 1961...
