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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

Answer ID : 81441

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