Exemption of Income Tax for Dairy Cooperative Society
- A primary cooperative society engaged in supplying milk to the Federal Cooperative Society is eligible to claim a deduction for its entire profit from this activity under Section 80P of the Income Tax Act, 1961.
- The surcharge on cooperative societies has been reduced from 12% to 7% for income exceeding Rs 1 crore and up to Rs 10 crores.
- The Alternate Minimum Tax (AMT) rate for cooperative societies has been reduced from 18.5% to 15%, aligning it with the rate for companies.
- The limit for cash repayments by Primary Agricultural Credit Societies (PACS) or Agricultural and Rural Development Banks (PCARDB) to their members ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Parliament Q & A
- 1 Steps towards Decarbonisation
- 2 Lithium Batteries in Electric Mobility
- 3 Achievements of Smart Cities Mission
- 4 Energy Conservation Programmes
- 5 National Mission on Cultural Mapping and Roadmap (NMCMR)
- 6 Digital Agriculture Mission
- 7 Steps Towards Decarbonisation in the Steel Sector
- 8 Scheme for Residential Education for Students in High Schools in Targeted Areas (SHRESHTA)
- 9 Schemes for Senior Citizens
- 10 National Mission for Manuscripts
