Tag Archives: Orchid Suburbia Cooperative Housing Society Ltd.

Interest Earned by Co-operative Housing Society from Co-operative Bank Investments Qualifies for Section 80P(2)(d) Deduction Issue Whether interest income earned by a co-operative housing society from fixed deposits placed with co-operative banks is eligible for deduction under Section 80P(2)(d) of the Income-tax Act, 1961. Facts The assessee is a co-operative housing society that invested surplus… Read More »

Co-Operative Housing Society Is Entitled to Section 80P(2)(d) Deduction on Interest Earned From Co-Operative Banks Issue Whether interest income earned by a co-operative housing society from fixed deposits maintained with co-operative banks is eligible for deduction under Section 80P(2)(d) of the Income-tax Act, 1961. Facts Assessee Profile: The assessee is a co-operative housing society registered… Read More »