30
Jun 23
Deduction u/s 80P(2)(d) is available on entire interest income earned by co-operative societies
Co-op societies are eligible for a deduction under Section 80P(2)(d) for interest income from investments in co-op banks. section 80P(2)(d) of the Act specifically exempts interest earned from funds invested in co-operative societies. Therefore, to the extent of the interest earned from investments made by it with any co-operative society,…
