Section 80ic
This query is : Resolved
CA PRIKSHIT GUPTA
(Querist)
04 October 2012
I have done audit of a firm, which is eligible for deduction u/s 80-IC. Audit of the firm was completed on 30.09.2012. But due to system error on line return was filed on 02.10.2012. Is the firm eligible for deduction u/s 80-IC as it could not file its return on time.
In addition, we have filed a manual return in Income Tax on 01.10.2012 also.
In addition, we have filed a manual return in Income Tax on 01.10.2012 also.
O.D.SHARMA
(Expert)
05 October 2012
No,you will have to file return in time is basis for 80 IC.The saturday /sunday IT Deptt was open.You must have taken care
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