6 May 2024


News

Supreme Court: Transfer Charges Collected by Co-operative Societies Exempted from Income Tax - 14.03.2018

Supreme Court has held that the transfer charges, non-occupancy charges and common amenity fund charges and certain other charges, collected by Co-operative Societies from its members are not subject to income tax since the principle of mutuality applies to all these cases.

Tags : Supreme Court Co-operative Societies

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