Co-operative banks can claim Section 80P(2)(a)(i) exemption even with income from non-member banking activities.

Co-operative banks can claim Section 80P(2)(a)(i) exemption even with income from non-member banking activities. https://www.taxtmi.com/highlights?id=30697 In order to be eligible to claim exemption u/s. 80P(2)(a)(i), a co-operative bank need not carry on the business of banking only with its members. Income attributable to banking activities carried on with non-members will also be entitled to special deduction under this section - HC en-us Tue, 09 Aug 2016 12:55:27 +0530 Tue, 09 Aug 2016 12:55:27 +0530 TaxTMI RSS Generator Co-operative banks can claim Section 80P(2)(a)(i) exemption even with income from non-member banking activities. https://www.taxtmi.com/highlights?id=30697 In order to be eligible to claim exemption u/s. 80P(2)(a)(i), a co-operative bank need not carry on the business of banking only with its members. Income attributable to banking activities carried on with non-members will also be entitled to special deduction under this section - HC Highlights Income Tax Tue, 09 Aug 2016 12:55:27 +0530 https://www.taxtmi.com/highlights?id=30697