Deduction u/s 80P(2)(a)(i) of the IT Act

This query is : Resolved 

14 September 2023 Cooperative society which are subject to audit as per Cooperative Act can submit return after 31/07/2023 to claim deduction u/s 80P(2)(a)(i) of the IT Act if Turnover is not subject to tax audit. Audit report of the cooperative Act cannot be uploaded for want of provision in IT portal.

14 September 2023 Yes return can be submitted after 31st July no problem.

15 September 2023 The accounts of co-operative society are required to be audited under state Co-operative Act mandatorily and therefore the due date for submission of the return of income shall be 31st October. If there is no tax audit u/s 44AB then there is no need to upload audit report .


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