Income & Obligation

Primary co-operative society, co-operative syndicate, union of co-operative syndicates and Central Co-operative Society shall:

• deduct and pay the salary income tax for the staff employed
• pay the specific goods tax, commercial tax and income tax respectively according to the set rates for the type of business if the co-operatives undertake any business activity
• pay the income tax if receives income from leasing
• pay the income tax if receives capital gains by selling of one or more assets