Challenger App

No.1 PSC Learning App

1M+ Downloads
Which type of society is given a tax rebate?

ACredit

BAgricultural

CHandloom

DBanking

Answer:

C. Handloom

Read Explanation:

Handloom Explanation: There is no threshold limit for taxability of income in the case of a handloom Cooperative society


Related Questions:

Pillars of corporate governance facilitates

  1. All members are responsible and accountable for their decisions and actions.
  2. Participation of members is needed.
  3. Cooperatives must be audited regularly.
  4. No secret deals should be there in cooperatives.
    • Assertion (A) : The Lead Bank Scheme was introduced to improve rural banking services.

    • Reason (R): The Gadgil Study group found that rural areas had an adequate number of Commercial banks.

    Robert Owen is regarded as the first:
    In December 2016, the National Payments Corporation of India developed a mobile payment app named as

    Which one of the following Statement / Statements are incorrect about the disqualification of the member of the Managing committee?

    1. In case of Committee members, the persons carrying on the same business carried out by the society.
    2. If he is not a paid employee of the Society or any other Society
    3. If he is interested directly or indirectly in any contract made by the Society
    4. He should be the legal advisor or legal Practitioner on behalf of the Society.