Taxation of Cooperative Society – The Ultimate Guide in FAQ Format !

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It is my experience that a large number of persons looking after  administration of the cooperative society himself are unaware about laws of taxation of cooperative societies or simply think that there is no issue as far as income tax on cooperative societies are concerned. The ignorance and confusion even persist among the assessing officers about the taxation of cooperative society. This post is not concentrated on telling its readers what cooperative society meaning is or various advantages of the cooperative society or various types of cooperative society, but would concentrate on taxation of cooperative society.

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