https://www.taxtmi.com/acts?id=51733 Special tax regime for a resident co-operative society allows income-tax to be paid at 22% for a tax year, at the society's option, on total income computed without specified deductions and without set-off of carried-forward loss or depreciation attributable to those deductions. The option is available only if exercised in the prescribed manner on or before the due date for filing the return of income, and once exercised it applies to subsequent tax years unless the conditions cease to be satisfied. Failure to satisfy the statutory requirements makes the option invalid for that and later tax years. en-us Thu, 14 Aug 2025 11:31:09 +0530 Sat, 04 Apr 2026 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51733 Special tax regime for a resident co-operative society allows income-tax to be paid at 22% for a tax year, at the society's option, on total income computed without specified deductions and without set-off of carried-forward loss or depreciation attributable to those deductions. The option is available only if exercised in the prescribed manner on or before the due date for filing the return of income, and once exercised it applies to subsequent tax years unless the conditions cease to be satisfied. Failure to satisfy the statutory requirements makes the option invalid for that and later tax years. Act-Rules Income Tax Thu, 14 Aug 2025 11:31:09 +0530 https://www.taxtmi.com/acts?id=51733