Mutual Associations Cannot Claim Tax Exemption on Interest Income Under the Principle of Mutuality.

Mutual Associations Cannot Claim Tax Exemption on Interest Income Under the Principle of Mutuality. https://www.taxtmi.com/highlights?id=23537 Exemption from payment of income tax on interest earned - the concept of mutuality shall not be extended to the interest incomes earned by a mutual association or a society. - AT en-us Sat, 27 Jun 2015 11:50:38 +0530 Sat, 27 Jun 2015 11:50:38 +0530 TaxTMI RSS Generator Mutual Associations Cannot Claim Tax Exemption on Interest Income Under the Principle of Mutuality. https://www.taxtmi.com/highlights?id=23537 Exemption from payment of income tax on interest earned - the concept of mutuality shall not be extended to the interest incomes earned by a mutual association or a society. - AT Highlights Income Tax Sat, 27 Jun 2015 11:50:38 +0530 https://www.taxtmi.com/highlights?id=23537