Question

.Co-operative Societies are exempted from certain taxes fees and duties as per section of the KCS Act 1969.

• A. 41
• B. 42
• C. 39
• D. 40

Answer 1

Answer:

D. 40

Under Section 40 of the Kerala Co-operative Societies (KCS) Act, 1969, co-operative societies are exempted from certain taxes, fees, and duties. This provision is meant to promote cooperative activities by reducing financial burdens on societies. The exemptions typically include stamp duties, registration fees, and certain other statutory charge