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of <h1>Clause 149 of Income Tax Bill 2025: Full Profit Deductions for Certain Co-operative Societies Outlined</h1> Clause 149 of the Income Tax Bill, 2025, outlines deductions for co-operative societies based on their income types. Societies engaged in banking, cottage industries, agricultural marketing, and similar activities can deduct the entire profit from these operations. Primary societies supplying agricultural products to government entities or co-operatives also qualify for full deductions. Other societies can deduct up to one lakh rupees for consumers' societies or fifty thousand rupees otherwise. Income from investments with other co-operatives and rental income from godowns is fully deductible. The provision excludes certain societies, including housing and urban consumer societies, from these benefits.
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