Question

Class of societies exempted from 50% of audit fees:

• A. All co-operative societies of which all or a majority of members belong to SC/ST
• B. Vanitha co-operative societies
• C. All weavers societies
• D. Coir societies

Answer 1

Answer:

B. Vanitha co-operative societies

Certain co-operative societies, like Vanitha (women) co-operative societies, are given 50% exemption on audit fees as an encouragement to promote women’s participation in co-operative activities.