9 Income Tax relief to Cooperative Societies including Cash Transactions u/s 269T: Minister Amit Shah’s Rajya Sabha Reply

Union Minister Amit Shah responded to a question in Rajya Sabha regarding income tax relief for cooperative societies. He highlighted key changes under Section 269T, including relief on cash transactions and other aspects of taxation affecting cooperatives. The response included details on various tax exemptions and deductions available to cooperative societies, emphasizing the government's commitment to supporting this sector. The minister also mentioned that the government would continue working to simplify tax compliance for cooperatives to encourage their growth and ensure fair treatment under the tax laws.