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Co-operative Societies - Rate of Income Tax

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Full Text of the Document

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....2-23. The amount of income-tax shall be increased by a surcharge at the rate of 7% of such income-tax in case the total income of a co-operative society exceeds one crore rupees but does not exceed ten crore rupees. Surcharge at the rate of 12% of shall continue to be levied in case of a co-operative society having a total income exceeding ten crore rupees. 2. Marginal relief is provided in cases....