Section 80P(2)(d) deduction disallowed
This query is : Resolved
07 May 2022
My housing board coperative society which is registered in gujarat having no any business activities.it deposited corpus surplus fund into gujarat coperative bank as fixed deposit on which he earn interest and claim section 80P(2)(d) deduction against this, but assessing officer decline it. Society filed rectification requst but all time assessing officer not allowed section 80P deduction. Please help why A.O. is not allowing it ?
08 May 2022
It should be allowed file appeal with CIT appeals.
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