Mandatory filing of return to claim deduction under the heading C in Chapter VIA

Return of income and assessment procedure under Union budget 2018 proposal

Mandatory filing of return to claim deduction under the heading C in Chapter VIA


Section 80AC provides that no deduction would be admissible under section 80-IA or section 80-IAB or section

80-IB or section 80-IC or section 80-ID or section 80-IE, unless the return of income by the assessee is furnished

on or before the due date specified under sub-section (1) of section 139 of the Act.


Proposed amendment: It is proposed to extend the scope of section 80AC to provide that the benefit of deduction under the heading “C.—Deductions in respect of certain incomes” in Chapter VIA shall not be allowed unless the return of income is filed by the due date. It will now include its scope section 80P, 80PA, 80QQB and 80RRB.


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