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
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 before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Recycling of E-Waste
- 2 National Mission on Monuments and Antiquities
- 3 Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN)
- 4 Efforts for Conservation of Threatened Species
- 5 Cyber Crimes
- 6 Software Technology Parks of India
- 7 DIKSHA Foundation Learning Portal
- 8 National Cooperation Policy
- 9 R&D in Coal Technologies
- 10 Labour-related Reforms
Parliament Q & A
- 1 Increasing Domestic Coal Production: Steps Taken by the Government
- 2 Promoting Export of Agricultural Products: APEDA’s Role
- 3 Ease of Doing Business
- 4 Promotion of Inclusive Education
- 5 PRITHvi VIgyan (PRITHVI) Scheme
- 6 Role of Rashtriya Gokul Mission
- 7 National Policy to Combat Left Wing Extremism
- 8 One Nation One Portal
- 9 PM-Gati Shakti Scheme
