Question ID : 1975

Deduction U/s. 80P

•&#61472 Primary Agricultural Credit Societies and Primary Cooperative Agricultural and Rural Development Banks to contue to be exempt from tax under section 80P of the come Tax Act all other cooperative banks excluded from the scope of that section.
With this amendment only Agricultural Credit Societies and Primary Cooperative Agricultural and Rural Development Banks will be eligible for deduction and other credit co-op. societies will not be exempt. Whether all other credit co-operative societies come under taxable net of still they are eligible for deduction U,s. 80P? Kdly sugg.
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