The Karnataka High court held that the entity registered under the Karnataka Souharda Sahakari Act 1997 fits into the definition of “co-operative society” as enacted by sec. 2(19) of the Income Tax Act, 1961 for the purpose of tax deduction under Section 80P(1). The Petitioner is a Credit Cooperative, registered under the Karnataka Souharda Sahakari […]
The post Co-Operative Society registered under Karnataka Souharda Sahakari Act eligible of Tax Deduction: Karnataka HC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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