Does cooperative society pay withholding tax?

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1114447

2026-03-23 12:45

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A Cooperative Society does not pay withholding taxes.

Withholding taxes are taxes deducted at source from incomes earned by individuals and corporate bodies that are subject to payment of taxes.

The taxess so withheld are subsequently deducted from the final tax liabilities of such individuals/corporate bodies.

Since Cooperative Societies do not pay taxes on theirprofits it will beimpossible to deduct such withheld taxes and so the Cooperative suffers.

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