TDS

07 Jul 23

Taxation for NRIs

Taxation in India is a crucial element for the economy of the nation. Various taxes are levied on services and products being availed by the citizens of India. Taxes are meant to add a better shade to the services and products that are used by consumers. Income tax, service tax, property tax and…

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,…