<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Cooperative societies can still deduct interest income from investments in cooperative banks u/s 80P(2)(d) despite new limits.</title>
    <link>https://www.taxtmi.com/highlights?id=76332</link>
    <description>Deduction claimed u/sec. 80P(2)(a)(i) - interest income from the investments made in co-operative/scheduled bank(s) - The Tribunal observed that despite the insertion of subsection (4) to section 80P, which limited the applicability of the provision to certain cooperative banks, the interest income earned by a cooperative society from investments held with a cooperative bank would still be eligible for deduction under section 80P(2)(d).</description>
    <language>en-us</language>
    <pubDate>Thu, 04 Apr 2024 08:20:30 +0530</pubDate>
    <lastBuildDate>Thu, 04 Apr 2024 08:20:30 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=749041" rel="self" type="application/rss+xml"/>
    <item>
      <title>Cooperative societies can still deduct interest income from investments in cooperative banks u/s 80P(2)(d) despite new limits.</title>
      <link>https://www.taxtmi.com/highlights?id=76332</link>
      <description>Deduction claimed u/sec. 80P(2)(a)(i) - interest income from the investments made in co-operative/scheduled bank(s) - The Tribunal observed that despite the insertion of subsection (4) to section 80P, which limited the applicability of the provision to certain cooperative banks, the interest income earned by a cooperative society from investments held with a cooperative bank would still be eligible for deduction under section 80P(2)(d).</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Thu, 04 Apr 2024 08:20:30 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=76332</guid>
    </item>
  </channel>
</rss>