Section 80AC:
Deduction not to be allowed unless return furnished.
1Where in computing the total
income of an assessee of any previous year relevant to the assessment year commencing on or after—
(i) the 1st day of April, 2006 but before the 1st day of April, 2018, any deduction is 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;
(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.
Notes:
1. Subs. by Act 13 of 2009, s. 25, for section 80AC (w.e.f. 1-4-2018) which was earlier inserted by Act 21 of 2006,
s. 15 (w.e.f. 1-4-2006).