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 ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 25 June 2019
Yes,
the 1st day of April, 2018, any deduction is admissible under any provision of this Chapter under the heading "C.—Deductions in respect of certain incomes", (Chapter VIA i.e from Sections 80IA to 80RRB.) no such deduction shall be allowed to him unless he furnishes a return of his income for such assessment year on or before the due date specified under sub-section (1) of section 139.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
