Home / 
Co-operative banks can claim Section 80P(2)(a)(i) exemption even with income from non-member banking activities.
X X X X Extracts X X X X
X X X X Extracts X X X X
....In order to be eligible to claim exemption u/s. 80P(2)(a)(i), a co-operative bank need not carry on the business of banking only with its members. Income attributable to banking activities carried on with non-members will also be entitled to special deduction under this section - HC....
TaxTMI