80P Deduction

ExpressITR || 80P Deduction


Process to Feed 80P Deduction Details in a Cooperative Society

Step 1: Access the Client Profile
  1. Log in to Express ITR using your credentials.
  2. Open the profile for the Cooperative Society client.
Step 2: Edit the Client Details
  1. Click on the Edit button within the client profile.
      
  1. Set the Status/Type to Other Cooperative Society.
      
  1. Click on the Save button to confirm the changes.
Step 3: Access the ITR Summary
  1. Navigate to the ITR Summary section.
  2. Click on Return Flow to proceed with the filing process.
      

Step 4: Enter Deduction Details
  1. Go to the Deductions option under the Head of Income section.
      
  1. Locate the 80P Section - Deduction for Cooperative Societies.
  2. Enter the details as follows:
    1. Select the applicable Deduction under Section 80P.
    2. Choose the appropriate Nature of Business Code based on the society’s activities.
      

Step 5: Review and Save
  1. Once all the details are entered, review them to ensure accuracy.
  2. The 80P deduction will now be reflected in the Computation section.

Info
Note: Ensure you have the supporting documentation for the 80P deductions claimed, as required by the Income Tax Act.
This process will ensure the accurate claim of deductions under Section 80P for a Cooperative Society.