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80P Deduction for co operative society
is that any provision to claim 80P deduction under VI-A Deduction for primary agricultural co operative credit society after due date. because statutory audit for cooperative societies are completed after due date.
Replies (1)
To claim the Section 80P deduction despite a late filing caused by a delayed statutory audit, you must file an application for condonation of delay to the relevant income tax authority (CCIT/DGIT) under Section 119(2)(b). They will assess whether the delay was due to genuine, unavoidable circumstances like the late completion of a mandatory audit. It is highly recommended to consult with a Chartered Accountant to prepare and submit this application formally.
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