139(8A) of the Income Tax Act
This query is : Resolved
Chandra Kala
(Querist)
14 March 2023
Our's is cooperative society. we want to file IT returns u/s 139(8A) of the IT Act for the A.Y.2020-2021. In this connection, shall i claim deduction u/s 80P of the IT Act then how much i pay tax for filing of return of income u /s 139(8A) of the IT Act.
CA R SEETHARAMAN
(Expert)
14 March 2023
No deduction under section 80P can be claimed for late filing of return.
50% higher tax payable in such a case.
50% higher tax payable in such a case.
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