Amendment status not verified — confirm the current text below against the official source.
Exemptions from certain taxes, fees and duties:- (1) The Government may, by notification, remit in respect of any class of co-operative societies – (a) the stamp duty chargeable under any law for the time being in force in respect of any instrument executed by or on behalf of a co-operative society or by an officer or member thereof and relating to the business of such society, or any class of such instruments or in respect of any award or order made under this Act, in cases, where, but for such remission the co-operative society, officer or member, as the case may be, would be liable to pay such stamp duty; or (b) any fee payable under any law for the time being in force relating to the registration of the documents or court fees. (2) The Government may, by notification, exempt any class of co-operative society from – (a) land revenue; and (b) taxes on sale or purchase of goods.