CBDT condones late filing of ITR to claim 80P deduction for Co operative Societies for AY 2023-24
CBDT on 30th Oct 2024 through Circular 14/2024 condones late filing of Income tax Return to claim the deduction of Section 80P for the Co operative societies for the Assessment year 2023-24. One of the condition to avail the deduction of 80P is to furnish the return on or before the due date under sub section (1) of section 139 of the Act. This was applicable from 01/04/2018 by Finance Act 2018.CBDT had condoned the same for AY 2018-19 to AY 2022-23 by Circular 13/2023 dated 26.07.2023 . the current Circular…