Wrong status in itr-5
This query is : Resolved
29 November 2013
Dear Expert,
1.Status wrongly mentioned in ITR-5,as AOP/BOI instead of cooperative society.
What are the consequences?
2. Can i claim deduction under sec 80p?
and what are the consequences for the above two cases.
3. what is the process for making correction of ITR-5 for mentioning the wrong status.
Thanks & Regards
R. NEHAL SHAH
Dear Expert,
1.Status wrongly mentioned in ITR-5,as AOP/BOI instead of cooperative society.
What are the consequences?
2. Can i claim deduction under sec 80p?
and what are the consequences for the above two cases.
3. what is the process for making correction of ITR-5 for mentioning the wrong status.
Thanks & Regards
R. NEHAL SHAH
29 November 2013
Deduction U/s 80P is allowed to only co-operative Societies and not to an AOP.
.
Revise the return by changing the status.
Rectification as such is not possible.
.
In case your software does not accept the change in status, you may fill up the revised return details by selecting the mode applicable to co-operative Society. You may have to fill up all the details on the basis of Original Return.
.
.
Revise the return by changing the status.
Rectification as such is not possible.
.
In case your software does not accept the change in status, you may fill up the revised return details by selecting the mode applicable to co-operative Society. You may have to fill up all the details on the basis of Original Return.
.
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29 November 2013
Dear Expert
can i claim exemption as well as deduction which are available under coperative society, while filling a revised returns for amking a correction of WRONG STATUS MENTIONED IN THE ORGINAL RETURN.
can i claim exemption as well as deduction which are available under coperative society, while filling a revised returns for amking a correction of WRONG STATUS MENTIONED IN THE ORGINAL RETURN.
29 November 2013
Definitely, you can do so.
.
.
Message likes :
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29 November 2013
Thanx a lot sir,
So its clear, while filling the revised return (wrong status mentioned in ITR-5 as AOP/BOI)can change the status and can claim exemption and deduction under coperative societies.
So its clear, while filling the revised return (wrong status mentioned in ITR-5 as AOP/BOI)can change the status and can claim exemption and deduction under coperative societies.
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