A workshop on recent amendments to the Income Tax Act and their implementation for Urban Co-operative Credit Societies was organised by the Mumbai District Central Co-operative Bank Limited at its Central Office in Mumbai on Wednesday.
The programme was conducted under the chairmanship of the Bank’s President, Pravin Darekar, and witnessed the participation of office-bearers and officials from various Urban Co-operative Credit Societies. The workshop focused on changes introduced in the Income Tax Act, compliance requirements, procedural aspects, and practical challenges in implementation.
Experts elaborated on key provisions affecting co-operative credit societies and provided guidance on maintaining statutory compliance, documentation standards, and reporting obligations. The interactive session enabled participants to clarify their doubts and gain clarity on the evolving regulatory framework.
Addressing the gathering, Darekar emphasised the importance of timely compliance with tax regulations and maintaining transparency in financial operations. The initiative aimed to strengthen governance standards and ensure that Urban Co-operative Credit Societies remain aligned with the latest legal and regulatory developments.