3. Concession u/s 27(11,) : Co-operative Housing Society"[ Assessments of 'Co-operative Societies' ]

If a house is allotted or leased out by a Co-operative Society to its member but the ownership remains with co-operative society the income from such house property shall form a part of the total income of the individual.
 
Other Deductions
Every co-operative society is entitled to claim deduction u/s 801A and 801B. The benefit of deductions u/s 801A and 801B shall be available for new industrial undertaking or ship or hotel for a period of 12 years.
 
 
 

 
 
Get.. Tally.ERP9 Book + GST Practical Assignment @ Rs.550 Tally.ERP9 Book Online Order Tally.ERP9 Book Content
 
© 2018 : IncomeTaxManagement