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Income Tax Exemption under Section 10(27) of Income Tax Act, 1961

 

Eligible Assessee

A co-operative society

 

 

 

Nature of Income

Any income

 

Amount Exempt

Entire income

 

Conditions laid down for Tax Exemption

  1. Such co-operative societies are formed for promoting interest of schedule caste or schedule tribes

  2. Members of such societies shall consist only of other societies formed for similar purpose and

  3. Funds of the society is provided by the government or such other society.

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