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Question ID : 40899

DEduction under SEc 80 P

A cooperative Society engaged in markrting of Milk produced by its members has filed its return for 2018-19 Previous year in Sep 20. As Deductions under Sec 80P is available if return is filed timely,Whether there is any solution (CPC Banglore has issued demand notice trating deduction as taxable income) Whether there can be any benefit of extension in Return filing dates to sep 20 Further whether exemption limit for such cooperative societies is Rs 50000-

Posted by Mahesh Kumar on Nov 18, 2020


Answer ID : 81299

Last date for filing cooperative society 30th sep 2020 maximum deduction for Rs. 1,00,000

Posted by Hari Beldona on Sep 02, 2021