A return is to be filed for a village industry that comes under ITR-7 through Sec 139(4C) (Sec 23B -Khadi or village industries). Its business unit was acquired by NH Authorities . But the benefit was invested in another business unit within the due date of its return filing. As the society comes under Sec 139(4C), can we claim deduction as exemption u/s 11A? Society is not registered under Sec 23A.
Menu
Itr-7. village industries
Replies (2)
I hope my qtn is understood. I just want to know whether the deduction that comes u/s 54D can be claimed u/s 11A as there is no provision of 54D in ITR 7.
Replies needed please. Very urgent!
Recent Topic
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
- Tds on deceased's pan
- Exempt income declaration schedule EI in ITR2 (AY2
Related Topics
CAclubindia
