Category: Hsg Society
👍👍👍👍👍Due date for filing return for Co-Op Hsg Society for Section 80P deduction
https://taxguru.in/income-tax/due-date-filing-return-co-op-housing-society-section-80p-deduction.html Clipped from: https://taxguru.in/income-tax/due-date-filing-return-co-op-housing-society-section-80p-deduction.html Nutan Laxmi Co-Operative Housing Society Ltd Vs ADD/JT/DY/ACIT/ITO, NFAC (ITAT Mumbai) The case revolves around Nutan Laxmi Co-Operative Housing Society Ltd’s claim
🙏🙏🙏🙏🙏Interest earned by co-operative society on investment with co-operative bank deductible u/s 80P(2)(d)
https://taxguru.in/income-tax/interest-earned-co-operative-society-investment-co-operative-bank-deductible-u-s-80p-2-d.html Clipped from: https://taxguru.in/income-tax/interest-earned-co-operative-society-investment-co-operative-bank-deductible-u-s-80p-2-d.html Totgars’ Co-operative Sale Society Ltd Vs ACIT (ITAT Bangalore) ITAT Bangalore held that the interest income earned by a cooperative society on
👍👍👍👍👍👍👍Section 24(b), 80C & 80D Deduction Can’t Be Denied for Not Claiming in ITR
https://taxguru.in/income-tax/section-24b-80c-80d-deduction-denied-claiming-in-itr.html Clipped from: https://taxguru.in/income-tax/section-24b-80c-80d-deduction-denied-claiming-in-itr.html Sandip Chattopadhyay Vs ITO (ITAT Kolkata) The case of Sandip Chattopadhyay vs. ITO came before the Income Tax Appellate Tribunal (ITAT) Kolkata,
👍👍👍👍👍👍👍Claim of Deduction u/s 80P (2) of Income Tax Act by Co-op Society cannot be Denied on Breach of Principle of Mutuality or Violation of Bye Law: ITAT
Clipped from: https://www.taxscan.in/claim-of-deduction-u-s-80p-2-of-income-tax-act-by-co-op-society-cannot-be-denied-on-breach-of-principle-of-mutuality-or-violation-of-bye-law-itat/315917/ The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the claim of deduction under Section 80P (2) of Income Tax Act 1961 by cooperative
👍Income shall be determined on Net Profit even though Society is not Registered u/s 12A of Income Tax Act: ITAT allows Deduction of Expenditure
Read More: https://www.taxscan.in/income-shall-be-determined-on-net-profit-even-though-society-is-not-registered-u-s-12a-of-income-tax-act-itat-allows-deduction-of-expenditure/311220/ The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) allowed deduction of expenditure and held that the income shall be determined on net profit even though
CBDT issues Circular Condoning Delay for Claiming Deduction u/s 80P for A.Y. 2018-19 to A.Y. 2022-23
CBDT issues Circular Condoning Delay for Claiming Deduction u/s 80P for A.Y. 2018-19 to A.Y. 2022-23
Read More: https://www.taxscan.in/cbdt-issues-circular-condoning-delay-for-claiming-deduction-u-s-80p-for-a-y-2018-19-to-a-y-2022-23/303773/ Clipped from: https://www.taxscan.in/cbdt-issues-circular-condoning-delay-for-claiming-deduction-u-s-80p-for-a-y-2018-19-to-a-y-2022-23/303773/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=CBDT%20issues%20Circular%20Condoning%20Delay%20for%20Claiming%20Deduction%20u/s%2080P%20for%20A.Y.%202018-19%20to%20A.Y.%202022-23 The Central Board of Direct Taxes (CBDT) vide circular number 13/2023 issued on 26th July 2023 condemned the delay for claiming the deduction
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