Co-ops to launch fight against I-T dept for tax notices

Surat | Thursday | 18th January, 2018

Summary:

Surat: Under the banner of Gujarat Rajya Sahakari Sangh, cooperative sector leaders have decided to launch a fight against income tax (I-T) notices slapped on some milk cooperatives of south Gujarat. At the rate of seven per cent, they earn about Rs 1,700 crore as interest annually. We have decided to fight this unitedly on all fronts against these notices. On Wednesday, another co-operative Kamrej Kela Mandal received a similar notice asking it to pay up Rs 30 lakh as taxes. This works to huge amount and cooperative sector can't sustain this blow," director, Sumul, Jayesh Patel (Delad) said..