Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Tax Exemption for Co-op Societies Supplying Milk to Government Entities Under Amended Section 80P, Effective April 1, 1979.</h1> Section 80P of the Income-tax Act is amended to replace clause (b) in sub-section (2), effective April 1, 1979. The new clause specifies that a primary co-operative society engaged in supplying milk raised by its members to a federal milk co-operative society, the Government or a local authority, or a Government company or corporation supplying milk to the public, will be eligible for tax exemption on the entire amount of profits and gains from such business.