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    <title>Deduction in respect of income of co-operative societies.</title>
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    <description>Deduction for income of co-operative societies permits full deduction of profits from specified member oriented activities (including banking/credit, cottage industry, marketing of member agricultural produce, supply of agricultural inputs, non powered processing, collective disposal of labour, and fishing/allied activities), full deduction for primary societies supplying member produced milk, oilseeds, fruits or vegetables to federals or government purchasers, capped deductions for other activities for consumers&#039; and other societies, exemption for interest/dividends from other co operative societies and for income from letting godowns, and coordination with other statutory deductions and membership voting restrictions.</description>
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    <pubDate>Fri, 14 Feb 2025 17:14:24 +0530</pubDate>
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      <title>Deduction in respect of income of co-operative societies.</title>
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      <description>Deduction for income of co-operative societies permits full deduction of profits from specified member oriented activities (including banking/credit, cottage industry, marketing of member agricultural produce, supply of agricultural inputs, non powered processing, collective disposal of labour, and fishing/allied activities), full deduction for primary societies supplying member produced milk, oilseeds, fruits or vegetables to federals or government purchasers, capped deductions for other activities for consumers&#039; and other societies, exemption for interest/dividends from other co operative societies and for income from letting godowns, and coordination with other statutory deductions and membership voting restrictions.</description>
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      <pubDate>Fri, 14 Feb 2025 17:14:24 +0530</pubDate>
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