Govt grants Income Tax Exemption to Boost Dairy Cooperatives
Central Government has granted certain exemptions under Income Tax Act to Dairy Cooperative Societies to Boost the Sector In a significant move aimed at supporting the dairy sector, the Government has introduced a series of measures granting income tax exemptions and reductions for Cooperative Societies under the Income Tax Act. The announcement was made by…
Milma opposes Centre’s move to impose tax on milk cooperative societies
Centre has decided to bring dairy cooperatives earning over ₹50 lakh under IT purview The Kerala Cooperative Milk Marketing Federation, popularly known as Milma, has strongly opposed the Centre’s move to impose income tax on the Anand-model primary milk cooperative societies Milma will organise a mass protest at the Palayam Martyrs Column on Tuesday to…
Government all set to tax poor dairy cooperatives
The plan of Central government to tax dairy cooperatives receiving more than 400 litres of milk a day is likely to affect the earnings of dairy farmer. Around 2 lakh dairy farmers will be directly affected if the plan is implemented. According to the Centre’s notification, all dairy cooperatives which receive more than 400 litres…