INCOME TAX ACT 1967 (ACT 53)
PART III - ASCERTAINMENT OF CHARGEABLE INCOME
Chapter 8-Special cases




Section 65A. Co-operative Societies.


In arriving at the chargeable income of a co-operative society for a year of assessment, there shall be deducted from the total income for that year:

Provided that the maximum sum to be deducted shall not exceed one-fourth of the audited net profits for that basis period of such co-operative society; and

[Am. Act 531:s.15]
(2) [Repealed by Act 451:s.18]
[Ins. Act A380:s.6]

Related reading:
[Act A380:s.6, Act 531:s.15, Act 451:s.18]


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