Lower tax rate for manufacturing coops, higher cash pay limit: Amit Shah in RS

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Dec 12, 2024 02:05 PM IST

Shah also stated that milk cooperatives, the backbone of India’s sprawling dairy sector, can receive cash in excess of ₹2 lakh on bank holidays towards payment of milk price

Newly set up co-operatives that undertake manufacturing activities will get benefits of a lower tax rate of 15%, as is available to new manufacturing firms, Union minister for home and cooperation Amit Shah has said in a reply in Parliament.

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