Mysuru: Maintaining that it is only the Co-operative Banks and not Co-operative Societies that come under the purview of Income-Tax (I-T), Home Minister Basavaraj Bommai, who is also the Co-operation Minister, has assured of exerting pressure on the Union Government to keep Co-operative Banks out of the purview of I-T.
He was speaking at the valedictory of the 66th All India Co-operative Week organised at the Convocation Hall of KSOU here yesterday. Stressing on the need for simplification of Co-operative Laws, Basavaraj Bommai assured that the Co-operative sector will be extended all help by simplification of laws.
