TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Optional 22% Tax Rate for Resident Cooperative Societies Provides Simplified Taxation Approach with Specific Compliance Requirements</h1> This statutory provision outlines a tax regime for resident cooperative societies, offering an optional tax rate of 22% for assessment years beginning on or after April 1, 2021. The option requires computing total income without certain deductions, without carrying forward losses, and with specific depreciation calculations. Societies must exercise this option by the income tax return due date, and once chosen, it applies to subsequent years and cannot be withdrawn.
TaxTMI 
TaxTMI 
