Inclusion of Cooperatives registered under Multi-State Cooperative Societies Act, 2002 in the definition of co-operative society’
A ‘co-operative society’ is defined as a co-operative society registered under the Co operative Societies Act, 1912, or under any other law in force in any State or Union territory for the registration of co-operative societies under the existing provisions of section 2(32) of the Act.
It is proposed to include the Co-operative societies which are registered under the “Multi-State Cooperative Societies Act, 2002,” within the definition of co-operative society under the Act. This amendment is proposed to take effect from 1st April, 2026 and will, accordingly, apply in relation to the tax year 2026-27 and subsequent years.