These deductions are provided in the Income Tax Act, 1961, under Chapter VI-A under the heading ‘C. – Deductions in respect of certain incomes’. Under this claim 80p deduction.
31 July 2023
If the Housing Society is registered under Co- Operative Societies Act, they have to select Status as 'Co Op Society' for income tax return filing ( PAN should have taken on that capacity). If so, the society is eligible to Claim 80 P (c) or (d) depending on the nature of the investee. Again, if the society satisfies the above observations, they are eligible to deduct the amount claimed u/s 80P (c) for the purpose of AMT {section 115JC (2)(i)}.
Please review what you have done with the above observation , then think about return uploading.
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