WebA co-operative form of business organization is different from other forms of organizations. It is a voluntary association of people with collectively owned fund, organised on the democratic principle of equality, who join together to supply for their requirements through mutual action, and in which the objective is service rather than profit. WebMay 8, 2024 · Health and Education Cess: 4% of Income Tax Plus Surcharge. MAT v. AMT. U/s 115JB, for companies, if tax payable under the normal provisions of the Income Tax Act is less than 18.5% of its book profits, then tax payable shall be 18.5% of the book profit which is known as MAT (Minimum Alternate Tax). U/s 115JC, for cooperatives, if tax …
NATIONAL OPEN UNIVERSITY OF NIGERIA SCHOOL OF …
WebThe Co-operative Accounting and Audit method suggested in this Toolkit uses a poster as the main ... principle for good governance. The poster is a way of starting to gather data … WebJul 30, 2024 · Cooperative Business Principles for Employees. Because a cooperative is owned and controlled by the people who use its services, the various persons affiliated … rabit cloud mining
14 Most Important Principles of Cooperative Society
Web4. Liability of members: Like company organisation, a co-operative society may be organised on the basis of either limited or unlimited liability. The limited liability societies, of course, … WebThe basic principles of a cooperative, to which we subscribe, are: Cooperatives are voluntary organizations open to persons willing to accept the responsibilities of membership. The … WebFeatures of a Cooperative Society – 10 Primary Features of a Cooperative Society: Voluntary Association, Open Membership, Service Motive, State Control and a Few Others. The primary features of a cooperative society are explained below: 1. Voluntary Association: A cooperative society is a voluntary association of persons eager to raise their economic … rabit ears.com