Search Results for Tag : Co-operative Societies
Entities registered under the Karnataka SouhardaSahakari Act, 1997 fit into the definition of "co-operative society" as enacted in Section 2(19) of the IT Act(16.09.2021)
The Assessee, a Co-operative registered under Section 6(1) of the Karnataka Souharda Co-operative Act, 1997 has claimed deduction under Section 80P(2).....
Tags : Co-operative Societies, Deduction
Notifications & Circulars
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Shushruti Souharda Sahakara Bank Niyamita, Bangalore(07.04.2022)
1. It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A of the Banking Reg.....
Tags : Directions, Provision, Co-operative Societies
Dispose of Grievances on Co-operative Societies Poll in 8 weeks: Madras High Court(10.05.2018)
Madras High Court has directed the Tamil Nadu State Cooperative Societies Election Commission to dispose of complaints/applications/grievance petition.....
Tags : Madras High Court, Co-operative Societies
Supreme Court: Transfer Charges Collected by Co-operative Societies Exempted from Income Tax(14.03.2018)
Supreme Court has held that the transfer charges, non-occupancy charges and common amenity fund charges and certain other charges, collected by Co-ope.....
Tags : Supreme Court, Co-operative Societies
Karnataka HC Rejects Plea Challenging Caps on Withdrawal Limit(07.12.2016)
Karnataka High Court has dismissed a batch of petitions filed by a number of Co-operative Societies wherein they had challenged clause in Demonetisati.....
Tags : Karnataka High Court, Co-operative Societies, withdrawal limit, Demonetisation
Bombay HC: Interference in Affairs of Co-Operative Society Should be Avoided(07.09.2020)
Bombay High Court has observed that cooperative societies are a part of the constitutional scheme and should have the necessary space and autonomy to .....
Tags : Bombay High Court, Co-Operative Societies
Rajasthan HC: 2015 Amendments to Sec. 30 of Rajasthan Co-Operative Societies Act Unconstitutional(18.05.2017)
Rajasthan High Court has held that 2015 amendment to Section 30 of Rajasthan Co-operative Societies Act is ultra vires to Article 243-Z, 243-ZK and 24.....
Tags : Rajasthan High Court, Rajasthan Co-Operative Societies Act
#Union Budget 2020-2021: Tax on Co-Operative Societies Reduced(01.02.2020)
Central Government has reduced the Tax on Co-operative societies to 22% plus surcharge, as against current 30%.
Tags : Union Budget 2020-2021, Co-operative Societies
Digitization of Co-operative Societies(05.04.2023)
A Centrally sponsored project for Computerization of 63,000 functional PACS/ LAMPS across the country with a total financial outlay of Rs. 2,516 Crore.....
Tags : Digitization, Co-operative Societies, Benefit