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Interest earned by Cooperative society from temporary deployment Surplus business Funds eligible for Section 80P Deduction: ITAT
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Interest earned by Cooperative society from temporary deployment Surplus business Funds eligible for Section 80P Deduction: ITAT
Interest earned by Cooperative society from temporary deployment Surplus business Funds eligible for Section 80P Deduction: ITAT The ITAT Bangalore held that interest income of Rs 504,996 earned by Daivagna Credit Co-operative Society from temporary surplus funds deposited in banks is part of its business income, not “income from other sources”, and therefore allowed the […]
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