Co-operative societies in banking can claim Section 80P tax deductions unless classified as a cooperative bank u/s 80P(4).

Co-operative societies in banking can claim Section 80P tax deductions unless classified as a cooperative bank u/s 80P(4). https://www.taxtmi.com/highlights?id=35611 Merely because a co-operative society is carrying on the business of banking, the deduction u/s 80P could not be denied unless it comes within the ambit of cooperative bank as contemplated u/s 80P(4). en-us Wed, 26 Jul 2017 12:55:07 +0530 Wed, 26 Jul 2017 12:55:07 +0530 TaxTMI RSS Generator Co-operative societies in banking can claim Section 80P tax deductions unless classified as a cooperative bank u/s 80P(4). https://www.taxtmi.com/highlights?id=35611 Merely because a co-operative society is carrying on the business of banking, the deduction u/s 80P could not be denied unless it comes within the ambit of cooperative bank as contemplated u/s 80P(4). Highlights Income Tax Wed, 26 Jul 2017 12:55:07 +0530 https://www.taxtmi.com/highlights?id=35611