Interest earned by co-operative society from fixed deposit with banks is eligible for deduction u/s. 80P(2)(a)(i)

It was held that surplus funds not immediately required for day to day banking were kept in Bank deposits. The income earned there from thus would be income from banking business eligible for deduction u/s 80P(2)(a)(i). 3CB & 3CD and its annexures, computation of total income, bank statements etc.”3. 3CB & 3CD along with annexures, computation of total income, bank statements etc. The income earned there from thus would be income from banking business eligible for deduction u/s 80P(2)(a)(i).