ITAT gives Major Section 80P Relief to Credit Co-ops
In a significant relief for the cooperative credit sector, the Income Tax Appellate Tribunal (ITAT), Bangalore Bench, has allowed Section ...
Tag: income tax
Gayatri Bank bags Telangana IT Dept Award
The Income Tax Department, Telangana, has honoured cooperative banks in the state for demonstrating best compliance practices in the filing ...
IT Dept Showcases ‘Kar Sathi’ Tools to Co-op Banks
As part of the nationwide “PRARAMBH 2026” campaign, the Directorate of Income Tax (Intelligence & Criminal Investigation)-2, New Delhi organised ...
Bhavnagar Co-ops face IT heat as notices cross Rs 150cr
Several cooperative societies in Gujarat’s Bhavnagar have reportedly come under the scanner of the Income Tax Department after notices involving ...
ITAT Mumbai grants relief to Co-op Societies on Section 80P Deduction
In a significant ruling for the co-operative sector, the Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has allowed deduction under ...
Co-op Banks in Uttarakhand face Income Tax heat
Several cooperative banks in Uttarakhand are under scrutiny by the Income Tax Department for alleged discrepancies in reporting high-value financial ...
IT Dept sensitises Co-op Banks on Form 61, 61A & 61B Compliance
An outreach and awareness programme was organised by the Directorate of Income Tax (Intelligence & Criminal Investigation), Ahmedabad, at the ...
Finance Bill 2026 retains existing Tax Regime for Co-ops
The Finance Bill, 2026 has proposed no change in the income-tax structure applicable to co-operative societies for the assessment year ...
ICM Kannur’s Two-Day Training on Income Tax for Co-ops
ICM Kannur organised a special two-day training programme on Goods and Services Tax (GST) and Income Tax on January 15 ...
Lok Sabha passes Income Tax Bill; offers Tax benefits for Co-op Sector
The Lok Sabha on Monday passed the Income Tax Bill, 2025, marking one of the most significant overhauls of India’s ...
Income Tax Bill 2025 offers relief to Housing, Manufacturing & Agri co-ops
Union Finance Minister Nirmala Sitharaman tabled the Income Tax Bill, 2025 in the Lok Sabha on Thursday, introducing significant changes ...
Unified Tax Structure for Corporate & Cooperative Sector: Shah
Union Home and Cooperation Minister Amit Shah stated that the Ministry of Cooperation, in collaboration with the Ministry of Finance, ...
Credit Cooperatives eligible for 80P deductions: ITAT
In a landmark ruling, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld that cooperative credit societies are ...
No plan to offer incentive to more MSC co-ops in Odisha
Union Home and Cooperation Minister Amit Shah said that there is no plan to offer any special incentive to encourage ...
Shah lists IT reliefs offered to cooperatives in Lok Sabha
The Government of India has introduced several measures to provide tax relief to cooperative societies, aligning with the vision of ...
