MUTUALLY AIDED CO OPERATIVE CREDIT SOCIETY

[VEMULA CHANDRASEKHAR]

Dear friends please help me with the following querry

Whether provisions of sec 44AB and 269SS, 269TT are applicable to the Co Operative credit societies whose accounts are audited under the provisions of CO OPERATIVE ACT.

[DR.MARIAPPAN GOVINDARAJAN]

In my view not applicable.

AI Summary

Applicability of tax audit and prohibited cash receipt rules to cooperative credit societies found inapplicable. Whether provisions imposing statutory tax audit obligations and prohibitions on specified cash transactions apply to cooperative credit societies audited under the Cooperative Act is posed; the respondent's view recorded is that those income tax provisions are not applicable to such societies.