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<h1>Federal milk cooperative's cattle insurance premium deductible under Section 36(1)(ia) of Income Tax Act for primary societies.</h1> The premium paid by a federal milk cooperative society for insuring the life of cattle owned by members of a primary milk cooperative society is deductible under Section 36(1)(ia) of the Income Tax Act. This deduction is applicable if the society is involved in supplying milk produced by its members to the federal milk cooperative society. This provision aims to protect Indian rural communities from financial losses due to cattle death.