Circular No. 6/2010 — Cooperative societies — deduction u/s 80P
Date: 2010-01-01 Status: ACTIVE Category: Cooperative Banks & Societies Binding on Department: Yes (Section 119 / Section 400 IT Act 2025)
Summary
Scope of deduction under section 80P. Cooperative banks (other than primary agricultural credit societies) not eligible after amendment.
Key Directions
- Deduction for cooperative societies engaged in specified activities.
- Cooperative banks (except PACS) not eligible after amendment.
- Primary agricultural credit societies continue to be eligible.
Applicability Under IT Act 2025
Saving Clause: Section 536 of IT Act 2025 saves circulars issued under the 1961 Act “so far as not inconsistent” with the new Act.
| Old Section (1961 Act) | New Section (2025 Act) | Consistent? |
|---|---|---|
| 80P | — | Needs Review |
Cross-References
Act Sections
- Section 80P
Related Circulars
- None identified
Key Case Law (Circular Supremacy)
- To be populated — cases where this circular was cited/applied
Full Text
Full text to be added — see raw/circulars/ for PDF when available
Source
- Official: incometaxindia.gov.in/circulars