80PA Deduction

Zen IT || Enable 80PA Deduction Head for Company Status


Process to Enable the 80PA Deduction Head for Company Status When Not Visible in the Deduction Tab

Alert
Applicability: Section 80PA of the Income Tax Act, 1961, allows a 100% deduction of profits and gains attributable to an eligible business of a producer company with a turnover below ₹100 crore in the previous year.
For the Current Year: Enter the Nature of Business under Transactions → Filing Information.

If the 80PA column is not visible in the Deduction tab, follow these steps:

Step 1: Navigate to the Company Information Section
  1. Go to Transaction and click on the Company Information head.
      

Step 2: Update Company Nature
  1. Click on the Company Nature option.
      
  1. Check the box for "Whether the company is a producer company as defined under Section 581A of the Companies Act, 1956"
      
  1. Click the Save button.

Step 3: Enable the 80PA Deduction Tab
  1. Navigate to the Deduction head and click on the Part C option.
      
  1. The 80PA deduction tab will now be enabled.
      

You can now proceed to claim the 80PA deduction as applicable.