The total income of a co-operative society is ₹2,10,000 after claiming deduction under section 80P of the Act. The total tax payable by the co-operative society on its total income, including cess, would be :

CS Executive · Tax Laws and Practice · PYQS · December 2019
The total income of a co-operative society is ₹2,10,000 after claiming deduction under section 80P of the Act. The total tax payable by the co-operative society on its total income, including cess, would be :
(A) NIL
(B) ₹52,000
(C) ₹62,400
(D) ₹64,890

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax

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