co-operative

[K R VEERESH]

whether tax audit is applicable to co-operative socities registered under Karnataka Souharda Sahakari Act,1997 ?

[Surender Gupta]

Yes, Section 44AB does not provide any exception to co-operative societies.

AI Summary

Tax audit applicability: Section 44AB applies to co-operative societies without exception, requiring audit compliance under cooperative law The operative legal point is that Section 44AB contains no exemption for co-operative societies, so the statutory tax audit requirement extends to such societies unless another provision expressly provides an exception.