Question ID :
42244
082701
While filing belated ITR of a Coop Milk Society,Sec 80P deduction filling is not enabled. Whether it has to deposit
Income tax on full income compulsorily to ensure return filing
Posted by
Mahesh Kumar
on
Mar 27, 2022
Filed Under
DIRECT TAXES
Yes. Deduction under section 80P is not allowed if return filed after due date. Hence the society has to deposit tax on full income.
Posted by
CA. chunauti dholakia on
Mar 28, 2022