Surplus fund - claiming exemption of interest

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....urplus fund - claiming exemption of interest<br> Query (Issue) Started By: - HARSHA JOSHI Dated:- 14-7-2009 Last Reply Date:- 14-7-2009 Income Tax<br>Got 1 Reply<br>Income Tax<br>can a housing co-op s....

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....ociety keep surplus fund in nationalised banks like bank of maharashtra & claim exemption of interest income from BOM. or only interest earned on Fixed Deposits with co-op. banks is exempts? Reply By....

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.... Rama Krishana: The Reply: I think your case may be covered by the decisin of Supreme Court in which apex court held that interest income from fixed deposits is not exempt u/s 10(29) - Visit 2008 -TMI....

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.... - 5742 - SUPREME Court<br> Discussion Forum - Knowledge Sharing ....