On July 23, 2024, Finance Minister Nirmala Sitharaman presented Budget 2024 including revisions to the Tax Deducted at Source (TDS) rates. TDS Sections Current TDS Rate Proposed TDS Rate Effective…
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Taxation in India is a crucial element for the economy of the nation. Various taxes are levied on services and products being availed by the citizens of India. Taxes are meant to…
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Income Tax
Deduction u/s 80P(2)(d) is available on entire interest income earned by co-operative societies
Co-op societies are eligible for a deduction under Section 80P(2)(d) for interest income from investments in co-op banks. section 80P(2)(d) of the Act specifically exempts interest earned from funds invested…
