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Co-operative societies taxed at standard rates, with reduced rates of 22% or 15% u/ss 115BAD and 115BAE.
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....Co-operative Societies - Rate of Income Tax - For normal provision same rate of tax and surcharge as applicable will continue and for computation of tax under sec 115BAD & 115BAE on satisfaction of certain condition rate of tax will be 22% or 15% as the case may be and surcharge rate will be 10% in both the scenarios.....