Indian Tax Incentives Give a Leg Up to the Cooperative Sector
02 Feb 2023
"In order to promote the growth of manufacturing in cooperative sector, the finance minister said a new cooperative society formed on or after April 2023, which commences manufacturing or production by March 2024 and do not avail of any specified incentive or deduction, is proposed to be allowed an option to pay tax at a concessional rate of 15 per cent similar to what is available to new manufacturing companies"
