Co-operative bank's interest from SLR and Non-SLR investments is tax-exempt u/s 80P(2)(a)(i) of Income Tax Act.

Co-operative bank's interest from SLR and Non-SLR investments is tax-exempt u/s 80P(2)(a)(i) of Income Tax Act. https://www.taxtmi.com/highlights?id=15073 Exemption u/s 80P - co-operative bank - interest income earned on investment out of SLR/Non SLR surplus funds - the interest earned on such deposits is directly attributable to the business of banking and, therefore, exempt under section 80P(2)(a)(i) the Act - AT en-us Mon, 14 Oct 2013 11:55:56 +0530 Mon, 14 Oct 2013 11:55:56 +0530 TaxTMI RSS Generator Co-operative bank's interest from SLR and Non-SLR investments is tax-exempt u/s 80P(2)(a)(i) of Income Tax Act. https://www.taxtmi.com/highlights?id=15073 Exemption u/s 80P - co-operative bank - interest income earned on investment out of SLR/Non SLR surplus funds - the interest earned on such deposits is directly attributable to the business of banking and, therefore, exempt under section 80P(2)(a)(i) the Act - AT Highlights Income Tax Mon, 14 Oct 2013 11:55:56 +0530 https://www.taxtmi.com/highlights?id=15073