Section 80 ac
This query is : Resolved
24 June 2019
DEAR EXPERTS,
WHAT IS SECTION 80AC IN INCOME TAX.CAN WE NOT GET ANY DEDUCTION . IF WE RETURN FILL AFTER DUE DATE AS PER SECTION 80AC ?
WHAT IS SECTION 80AC IN INCOME TAX.CAN WE NOT GET ANY DEDUCTION . IF WE RETURN FILL AFTER DUE DATE AS PER SECTION 80AC ?
CA Kratika Golechha
(Expert)
24 June 2019
As per Section 80AC, if the ROI is filed after the due date as mentioned in 139(1), then the no deductions shall be allowed in Heading C of Chapter VI A. i.e sec 80HH to 80RRB. ( Deductions in respect of certain Incomes). However other deductions of chapter VIA can continue to be taken.
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