Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Co-operative Societies' Tax Rates Unchanged for 2024-25; Surcharges Apply; Options u/ss 115BAD and 115BAE Available.</h1> For the fiscal year 2024-25, co-operative societies will continue to be taxed at the same rates as the previous year, as outlined in the Union Budget and Finance Bill 2024. A surcharge of 7% applies to societies with income over one crore rupees but under ten crore rupees, and 12% for those exceeding ten crore rupees. Marginal relief is available for surcharge cases. Co-operative societies can opt for a 22% tax rate under section 115BAD, with a 10% surcharge. Manufacturing societies established after April 1, 2023, may pay a 15% tax rate under section 115BAE, also with a 10% surcharge.
TaxTMI 
TaxTMI 