Federal co-operative dividend deduction for investments made by 31 January 2026, subject to distribution and sunset from April 2029. The substituted section 150 permits a deduction for dividend income of a federal co-operative where such dividends arise from investments recorded on or before 31 January 2026 and are distributed to members at least one month before the due date for filing under section 263(1); the deduction applies in both tax regimes, is excluded for tax years beginning on or after 1 April 2029, and defines 'federal co-operative' by reference to the Multi State Co-operative Societies Act, 2002 and Central Government notification.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Federal co-operative dividend deduction for investments made by 31 January 2026, subject to distribution and sunset from April 2029.
The substituted section 150 permits a deduction for dividend income of a federal co-operative where such dividends arise from investments recorded on or before 31 January 2026 and are distributed to members at least one month before the due date for filing under section 263(1); the deduction applies in both tax regimes, is excluded for tax years beginning on or after 1 April 2029, and defines "federal co-operative" by reference to the Multi State Co-operative Societies Act, 2002 and Central Government notification.
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