In case of which of the following co-operative society, the deduction under section 80P is restricted to ₹1,00,000 —

CS Executive · Tax Laws and Practice · PYQS · June 2016
In case of which of the following co-operative society, the deduction under section 80P is restricted to ₹1,00,000 —
(A) Consumers' co-operative society
(B) Society engaged in collection and disposal of labour
(C) Society engaged in fishing
(D) Society engaged in processing of agricultural produce without the aid of power.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax

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