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COOPERATIVE SOCIETIES TAX
Systemic assault on civil society: Congress' Venugopal writes to PM on amendments to FCRA rulesCongress leader K.C. Venugopal has strongly criticized the government's new Foreign Contribution (Regulation) Act rules, calling them a "sy...
On This Day in History, June 26: UN Charter signed, Indira Gandhi declares Emergency, Harry Potter debuts, Corvette day, Sher Shah Suri wins against Mughals and moreOn This Day in History, June 26 saw the signing of the United Nations Charter, Richard III's rise to the English throne, India's declaratio...
Booked flat for Rs 24 lakh in 2010, paid Rs 40 lakh over time, still no possession in 2026; homebuyers awarded full refund and Rs 2.5 lakh compensation eachThe case dates back to 2010 when the two homebuyers had made bookings for 3BHK flats in a housing society project initially proposed in Noi...
Forget the DOJ. For a Trump pardon, call "Bobby" and other influencersPresident Donald Trump's pardon system has shifted dramatically. Influence now hinges on personal networks and narratives of victimhood, by...
Digital arrest: How India’s fastest-growing scam uses fake investigations and video calls to siphon off croresThey pose as the police, put you under ‘digital arrest’, and tether you to a video call till your savings are gone. How India’s fastest gro...
Gujarat govt's 'revolutionary' decision to provide Rs 1,500 cr financial relief to sugar cooperativesGujarat Chief Minister Bhupendra Patel approved sugarcane prices paid by cooperative societies to farmers. This decision benefits over two ...
How Keir Starmer could be replaced as UK prime minister after discontent rises in his own partyBritish Prime Minister Keir Starmer is under pressure to resign following Labour's poor local election results. Dozens of party lawmakers a...
Will registration at Rs 100 in Maharashtra: Why homeowners in cooperative societies, senior citizens should not delay estate planningA Will has always been optionally registrable under Section 18 of the Registration Act, 1908, and registration is not mandatory for validit...
Amul hits ₹1 lakh crore in sales; MD says India could be dairy to the world within a decadeAmul's remarkable growth signals a bright future for India's dairy sector. Recent GST cuts are a game-changer, benefiting farmers and consu...
Sitharaman extends tax sops to cooperative societiesFinance Minister Nirmala Sitharaman announced tax benefits for cooperatives, extending profit deductions to cattle feed and cotton seed sup...
CBDT allows CCIT rank officials to condone delay in ITR filing for Co-operative Societies"CCIT/DGIT are required to admit all pending and new applications and decide them on merits, in accordance with the law where such a person...
Budget 2023: Tax incentives to give a leg up to cooperative sectorIn order to promote the growth of manufacturing in cooperative sector, the finance minister said a new cooperative society formed on or aft...
Government proposes to reduce AMT for cooperative societies to 15%, surcharge to 7%Correcting date; replacing MAT to say AMT) New Delhi, Feb 1 (PTI) The government proposes to reduce the Alternate Minimum Tax (AMT) for coo...
MAT to be reduced for co-operative societies to 15%: FM SitharamanPresenting the Budget 2022-23 in the Lok Sabha, she said the government has also proposed to reduce the surcharge on cooperative societies ...
IT Dept detects gross irregularities, funds diversion after raids on Bengaluru credit coop societiesThe Income Tax Department has allegedly found "gross irregularities" and the involvement of the promoters in "siphoning off" public funds a...
Taxman rejects exemption on interest income of several housing societiesHousing societies have been claiming exemptions on income earned from other co-operatives, which in most cases is interest income on saving...
Budget 2020: Govt proposes cut in tax on cooperative societies to 22%Finance Minister Nirmala Sitharaman on Saturday proposed reduction of tax on cooperative societies to 22 per cent plus surcharge and cess, ...
Back-dated FDs may be behind huge deposits by cooperative banks, suspect taxmenThe tax department has to move carefully as many small and genuine customers of cooperatives are having a tough time post demonetisation.
Interest on FDs to be taxed, maintenance to go up- City Hsg Societies Get I-T NoticesMany residential societies, including those in posh Worli, Bandra and Lower Parel areas, have received income-tax notices in the past coupl...
Property tax rate for residential farm houses 15 per cent: NDMC panelThe committee made this decision while finalising the revised budget estimates for 2015-16 and budget estimates for 2016-17.