Stay updated! Join our Email Newsletter for exclusive Articles, updates, and announcements.

Join our Email Newsletter
Benefits of Chapter VIA Deductions
only allowable now if Return filed within Deadlines of 139(1)

By CA Ankit Gulgulia (Jain)

All
Chapter VIA – Heading C Deduction shall now be allowable only if the assessee
has duly filed the returns on or before the Due Dates Prescribed under Section
139(1). Note that Chapter VIA heading C Includes following Sections. Note
Deduction under Section 80C not covered and deduction will comtinue to be
eligible even if filed after due dates.

Section
80H
:
Deduction
in case of new industrial undertakings employing displaced persons, etc.
Section
80HH
:
Deduction
in respect of profits and gains from newly established industrial
undertakings or hotel business in backward areas
Section
80HHA
:
Deduction
in respect of profits and gains from newly established small-scale industrial
undertakings in certain areas
Section
80HHB
:
Deduction
in respect of profits and gains from projects outside India
Section
80HHBA
:
Deduction
in respect of profits and gains from housing projects in certain cases
Section
80HHC
:
Deduction
in respect of profits retained for export business
Section
80HHD
:
Deduction
in respect of earnings in convertible foreign exchange
Section
80HHE
:
Deduction
in respect of profits from export of computer software, etc.
Section
80HHF
:
Deduction
in respect of profits and gains from export or transfer of film software,
etc.
Section
80I
:
Deduction
in respect of profits and gains from industrial undertakings after a certain
date, etc.
Section
80IA
:
Deductions
in respect of profits and gains from industrial undertakings or enterprises
engaged in infrastructure development, etc.
Section
80IAB
:
Deductions
in respect of profits and gains by an undertaking or enterprise engaged in
development of Special Economic Zone
Section
80IAC
:
Special
provision in respect of specified business.
Section
80IB
:
Deduction
in respect of profits and gains from certain industrial undertakings other
than infrastructure development undertakings
Section
80IBA
:
Deductions
in respect of profits and gains from housing projects.
Section
80IC
:
Special
provisions in respect of certain undertakings or enterprises in certain
special category States
Section
80ID
:
Deduction
in respect of profits and gains from business of hotels and convention
centres in specified area
Section
80IE
:
Special
provisions in respect of certain undertakings in North-Eastern States
Section
80JJA
:
Deduction
in respect of profits and gains from business of collecting and processing of
bio-degradable waste
Section
80JJAA
:
Deduction
in respect of employment of new employees
Section
80LA
:
Deductions
in respect of certain incomes of Offshore Banking Units and International
Financial Services Centre
Section
80O
:
Deduction
in respect of royalties, etc., from certain foreign enterprises
Section
80P
:
Deduction
in respect of income of co-operative societies
Section
80Q
:
Deduction
in respect of profits and gains from the business of publication of books
Section
80QQA
:
Deduction
in respect of professional income of authors of text books in Indian
languages
Section
80QQB
:
Deduction
in respect of royalty income, etc., of authors of certain books other than
text-books
Section
80R
:
Deduction
in respect of remuneration from certain foreign sources in the case of
professors, teachers, etc.
Section
80RR
:
Deduction
in respect of professional income from foreign sources in certain cases
Section
80RRA
:
Deduction
in respect of remuneration received for services rendered outside India
Section
80RRB
:
Deduction
in respect of royalty on patents
’80AC.
Where in computing the total income of an assessee of any previous year
relevant to the assessment year commencing on or after

(1) the 1st day of
April, 2006 but before the 1st day of April, 2018, any deduction is admissible
furnished under section 80-IA or section 80-IAB or section 80-IB or section
80-IC or section 80-ID or section 80-IE;
(
ii) 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’, 
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.’.

Stay updated! Join our Email Newsletter for exclusive Articles, updates, and announcements.

Join our Email Newsletter
Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments