Interest on Deposits/FDR of Co-operative Bank eligible for Deduction u/s 80P(2)(d): ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Jaipur Bench held that the interest received by the assessee from the Cooperative Bank is eligible for deduction under section 80P(2)(d) of the Income Tax Act as the Jaipur Central Cooperative Bank is a Cooperative Society registered under Cooperative Societies Act. The Assessee, Shahpura Gram Seva Sahakari Samiti Ltd. […]

from Taxscan | Simplifying Tax Laws https://ift.tt/352a30p