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 […]