Skip Ribbon Commands
Skip to main content
Cooperatives Division (under the aegis Ministry of Business, Enterprise and Cooperatives)

Incentives


‚Äč

Major Incentives provided to Co-operative Societies

 

Fiscal Incentives
 
No stamp duty levied:
(i) on an instrument executed by the co-operative society
(ii) on an instrument executed by a member in relation to business transacted with the society, in accordance with its rules.
 
No fee payable by any co-operative society under any enactment relating to registration dues, transcription or inscription fees, except on deed of transfer witnessing the transfer of a motor vehicle.
Dividend from a cooperative society is exempted from income tax.
 
 
Free Audit services
 
Audit and supervision free of charge for co-operative societies whose turnover does not exceed Rs 10 million.
 
 
Education and training
 
Provision of education and training, especially in the field of co-operative management to members of co-operative societies.
 
 
Guidance and technical consultancy services
 
Guidance and technical consultancy services to co-operative organizations for the implementation of their plans and projects
 
 
 
You may need Acrobat Reader to view these forms in Pdf Version. Download a free copy of Adobe Acrobat Reader by clicking the logo.