Denial of deduction u/s.80P - the amount which is in the nature ...

Income Tax

September 12, 2015

Denial of deduction u/s.80P - the amount which is in the nature of profits and gains, was not immediately required by the assessee for lending money to the members, as there were no takers. Therefore they had deposited the money in a bank so as to earn interest - it is liable to be deducted u/s 80P(1) - AT

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Denial of deduction u/s.80P - the amount which is in the nature ...

Income Tax

September 12, 2015

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