![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]")
Interest received by Co-operative Society from Co-operative Bank allowable u/s 80P(2)(d): ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) held that the co-operative banks or co-operative societies which are carrying on ...
![Co-Operative Society Eligible to Claim Deduction of Interest from Deposits in Co-Operative Banks: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Co-Operative-Society-Claim-Deduction-of-Interest-Deduction-Deduction-of-Interest-Deposits-Co-Operative-Banks-ITAT-Income-Tax-Taxscan.jpg "Co-Operative Society Eligible to Claim Deduction of Interest from Deposits in Co-Operative Banks: ITAT [Read Order]")
![Co-Operative Bank Not Obliged to Deduct TDS on Interest Payments to Members: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Co-Operative-Bank-TDS-Interest-Payments-Members-ITAT-taxscan.jpg "Co-Operative Bank Not Obliged to Deduct TDS on Interest Payments to Members: ITAT [Read Order]")
![Madhya Pradesh HC stays Operation of RBI’s Circular notifying Appointment of Managing Director or Whole-Time Director in Primary Co-operative Banks [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/Madhya-Pradesh-High-Court-RBI-Taxscan.jpg "Madhya Pradesh HC stays Operation of RBI’s Circular notifying Appointment of Managing Director or Whole-Time Director in Primary Co-operative Banks [Read Order]")
Parliament clears The Banking Regulation (Amendment) Bill, 2020 gives RBI powers to restructure Co-operative Banks [Read Bill]
After Lok Sabha, the Rajya Sabha has also passed the Banking Regulation (Amendment) Bill, 2020. The Bill amends the Banking Regulation Act, 1949. The Act regulates the functioning of banks...
![Parliament clears The Banking Regulation (Amendment) Bill, 2020 gives RBI powers to restructure Co-operative Banks [Read Bill]](https://www.taxscan.in/wp-content/uploads/2020/09/Parliament-Banking-Regulation-Amendment-Bill-Co-operative-Banks-Taxscan.jpeg "Parliament clears The Banking Regulation (Amendment) Bill, 2020 gives RBI powers to restructure Co-operative Banks [Read Bill]")
June 29, 2020 notified as date when Section 4 of Banking Regulation (Amendment) Ordinance, 2020, will be enforced on primary Co-operative Banks [Read Notification]
The Ministry of Finance on Monday notified that Section 4 of Banking Regulation (Amendment) Ordinance, 2020, will be enforced from June 29, 2020, on primary co-operative banks. Section 4 of Banking...
![June 29, 2020 notified as date when Section 4 of Banking Regulation (Amendment) Ordinance, 2020, will be enforced on primary Co-operative Banks [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/06/Banking-Regulation-cooperative-Taxscan.jpeg "June 29, 2020 notified as date when Section 4 of Banking Regulation (Amendment) Ordinance, 2020, will be enforced on primary Co-operative Banks [Read Notification]")
Co-Operative Banks come under RBI: Centre notifies Banking Regulation (Amendment) Ordinance, 2020 [Read Notification]
The Ministry of Law and Justice on Friday notified the Banking Regulation (Amendment) Ordinance, 2020. The Government introduces Banking Regulation (Amendment) Ordinance, 2020 so to bring the...
![Co-Operative Banks come under RBI: Centre notifies Banking Regulation (Amendment) Ordinance, 2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/06/Co-Operative-Banks-Banking-Regulation-RBI-Taxscan.jpeg "Co-Operative Banks come under RBI: Centre notifies Banking Regulation (Amendment) Ordinance, 2020 [Read Notification]")
Interest received on Interbank Exposure of Primary (Urban) Co-operative Banks shall not be recognized as Income: RBI
The Reserve Bank of India ( RBI ) has said that, Interest received on Interbank Exposure of Primary (Urban) Co-operative Banks shall not be recognized as Income. The imposition of All-inclusive...
Interest earned by Co-operative Society on its Investments in Co-operative Bank eligible for Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai held that the interest income earned by a co-operative society on its investments held with a co-operative bank would be eligible for claim of...
![Interest earned by Co-operative Society on its Investments in Co-operative Bank eligible for Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Investments-Co-operative-Bank-Taxscan.jpg "Interest earned by Co-operative Society on its Investments in Co-operative Bank eligible for Deduction: ITAT [Read Order]")