Tag: income tax exemption

No income tax exemption to cooperative banks: Jaitley

Ruling out income tax exemption for cooperative banks, Finance Minister Arun Jaitley on Friday said they were no different from commercial banks and were, therefore, required to be treated at par with them. “Most of these banks are providing standard banking facilities like opening of letters of credit, bill discounting and collection, lockers and safe …

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December 29, 2017