Section 80P
This query is : Resolved
Quick Summary
18 June 2020
Our client is a cooperative society engaged in manufacturing tea from bought leaf and then selling the finished product.
1.Is it eligible to take deduction under section 80P?
2.If the cooperative society incurr loss, then how to apply section 80P?
1.Is it eligible to take deduction under section 80P?
2.If the cooperative society incurr loss, then how to apply section 80P?
19 June 2020
1. Eligible to claim 80(P) (c).
2. Cannot claim.
2. Cannot claim.
19 June 2020
Yes. Stands corrected.
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