Cooperative bank 80p deduction
This query is : Resolved
02 April 2015
Dear Experts,
A service Cooperative Bank registered under the Kerala Cooperative Societies Act.The Bank did not file return of income for the AY: 2008-2009.A notice u/s 142(1) was issued on 18.03.2013. Which was served on 21.03.2013. In response to the notice, the bank filed return of income on 19.04.2013.
Is the Bank eligible for deduction U/s 80P of the Income tax Act?
A service Cooperative Bank registered under the Kerala Cooperative Societies Act.The Bank did not file return of income for the AY: 2008-2009.A notice u/s 142(1) was issued on 18.03.2013. Which was served on 21.03.2013. In response to the notice, the bank filed return of income on 19.04.2013.
Is the Bank eligible for deduction U/s 80P of the Income tax Act?
02 April 2015
if bank fulfills all the condition required for claiming sec 80P then its allowed.
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