if you cant get 80c if you have income from house property then where will you claim the principle repayment of housing loan and where will you claim life insurance premium paid .....the thing is you cannot claim , not only 80c but any deduction from chapter 6a if you did not file the income tax return within due date specified under section 139(1)
yes, ofcourse u will not get deduction other than repayment of principle amount like LIC or any other. It is legible thing to understand when u have income from house property u will definately get deduction of housing loan repayment & if m not filing the return within due date then i can file revised return & claim the same like Lic.
but as per the information i have recieved....dont take me wrong....if returns are not filed within the due date, the assessee wont be able to get any deduction under chapter 6a