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.
   

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.

• Related Articles

• ExpressITR || 80IAC Deduction

  Process to Feed 80IAC Deduction Details for Startup Companies Eligibility Criteria for 80IAC Deduction Incorporation Date: The startup must be incorporated or registered between April 1, 2016 and March 31, 2025. Age Limit: The deduction can be ...

• ExpressITR || 80PA Deduction

  Process to Feed 80PA Deduction Details for Producer Companies Applicability of Section 80PA Eligible Business: Section 80PA allows a 100% deduction of profits and gains attributable to the eligible business of a producer company. Turnover Limit: The ...

• Income Tax || How to Feed Deduction u/s 80P

  How to Enter Deduction u/s 80P : Section 80P of the Income Tax Act, 1961, provides deductions to cooperative societies in India. It allows certain cooperative societies to claim a deduction on their income from various activities, promoting the ...

• ExpressITR || 80GG Deductions in Respect of Rent Paid

  What is Section 80GG? Section 80GG of the Income Tax Act in India provides deductions for house rent paid by individuals who do not receive House Rent Allowance (HRA) as part of their salary. Eligibility for Section 80GG Deduction Applicability: ...

• TDS- Deductions under Section 80U

  TDS- Deductions under Section 80U In computing the total income of an individual, being a resident, who, at any time during the previous year, is certified by the medical authority to be a person with disability, there shall be allowed a deduction of ...