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80P(2)(d) interest from investment in other chs

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190 Points Posted on 09 January 2021
80P(2)(d) interest from investment in other co-operative society

is housing society in come under this section

1. if I suppose to show income, how can I show
2. how much amount eligible for deduction

plz suggest
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On 09 January 2021 at 12:44 Report
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Chartered Accountant
24588 Points Posted on 09 January 2021
100% of the profits, included in Gross Total Income are deductible in respect of any income by way of interest or dividends derived by the co-operative society from its investments with any other co-operative society u/s 80P(2)(d)
129 Reply
On 09 January 2021 at 12:53
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17264 Points Posted on 09 January 2021
Income from other co-operative society co-operative bank is exempt under 80P(2)(d) provided Return is filed on or before due date.

if return is not filed on or before due date then no benefit under 80P
101 Reply
On 09 January 2021 at 13:45


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