Compute the total income of Global Co-operative Society for the PY 2025-26 (AY 2026-27) with the information given below assuming the assessee has not opted for Section 115BAD : S. No. Receipts Amount (₹) 1. Marketing of

Computation of Total Income of Global Co-operative Society for the AY 2026-27 Particulars Amount (₹) Amount (₹) Income from House Property: Letting of house property Letting of Godowns 60,000 40,000 1,00,000 Income from Business: Marketing of agricultural produce of its members Processing (without the aid of power) of agricultural produce of its members Supplying of milk to the government (raised by its members) Agency Business 20,000 16,000 30,000 50,000 1,16,000 Income from Other Sources: Interest from members 2,000 Interest from members ₹ 2000 is not deductible as it is not from the credit facilities provided to the member and for this purpose society cannot be said to be a credit society. Dividends from other co-operative societies 30,000 32,000 Gross Total Income 2,48,000 Deduction's u/s 80P Letting of Godowns Marketing of agricultural product grown by its members Processing of agri. goods (without the aid of power) of its members Supplying milk to the Government Agency business Dividends from other co-operative societies 40,000 20,000 16,000 30,000 50,000 30,000 (1,86,000) Total Income 62,000 Notes: The gross total income of the society exceeds ₹ 20,000, hence deduction regarding income from house property is not available.