https://www.taxtmi.com/article/detailed?id=10349 Cooperative societies are taxable separate entities with income from interest, house property, business profits, capital gains and other sources, and may claim specified deductions notably under Section 80P for listed cooperative activities and for income from letting of godowns/warehouses; Section 80P is to be interpreted beneficially (e.g., CAP storage held to qualify). Societies may opt for the concessional regime under Section 115BAD subject to specified disallowances and irrevocable election; Section 115JC prescribes Alternate Minimum Tax. Filing in Form ITR-5, TDS obligations, and GST registration/applicability are mandatory compliance considerations. en-us Tue, 12 Apr 2022 09:18:29 +0530 Tue, 12 Apr 2022 09:18:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10349 Cooperative societies are taxable separate entities with income from interest, house property, business profits, capital gains and other sources, and may claim specified deductions notably under Section 80P for listed cooperative activities and for income from letting of godowns/warehouses; Section 80P is to be interpreted beneficially (e.g., CAP storage held to qualify). Societies may opt for the concessional regime under Section 115BAD subject to specified disallowances and irrevocable election; Section 115JC prescribes Alternate Minimum Tax. Filing in Form ITR-5, TDS obligations, and GST registration/applicability are mandatory compliance considerations. Articles Corporate Laws / IBC / SEBI Tue, 12 Apr 2022 09:18:29 +0530 https://www.taxtmi.com/article/detailed?id=10349