The profits of a co-operative society engaged in carrying out the business of banking, cottage industry and collective disposal of labours of its member are eligible for deduction u/s 80P up-to
A. 75% of the profits
B. 100% of the profits
C. 50% of the profits
D. None of the above
Answer:B
The profits of a co-operative society engaged in carrying out the business of banking, cottage industry and collective disposal of labours of its member are eligible for deduction u/s 80P up-to
A. 75% of the profits B. 100% of the profits C. 50% of the profits D. None of the above