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Madras High Court Directs FinMin, CBDT To Decide On Exempting Agricultural Cooperative Credit Societies From TDS Deduction

The Madras High Court has directed the Finance Ministry and Central Board of Direct Taxes (CBDT) to take action on exempting primary agricultural cooperative credit societies from TDS deduction on. ....

New-delhi , Delhi , India , Madras , Tamil-nadu , State-of-tamil-nadu , Mavatta-valamana-thodakka , Justicer-suresh-kumar , Central-cooperative-bank , Madras-high-court , Credit-societies , Society-for-agriculture

Sanghani skirts RBI diktate on dividends; offers interest-rebate

Sanghani skirts RBI diktate on dividends; offers interest-rebate
Amreli DCCB helped 300 co-op societies thru interest-rebate: Sanghani
An ace cooperator Dileep Sanghani knows how to overcome the limitations of state laws. The matter relates to RBI not allowing distribution of dividend to shareholders of co-op banks in the wake of pandemic.
Hitting upon a novel idea, Sanghani led Amreli District Central Cooperative Bank decided to offer rebates in the accrued interests on loans taken by the shareholders associated with hundreds of small co-op societies in this case. “A brilliant way to fulfil both the RBI norms and help farmers!”, cheered co-operators. ....

Amreli , Gujarat , India , Amreli-district , Daman-and-diu , Arunbhaim-patel , Dileep-sanghani , Nirmala-sitharaman-union , Credit-societies , Indian-cooperative-sanghani , Amreli-district-central-cooperative-bank , National-federation-of-state-cooperative-banks