CHRONICLE AMENDMENT IN UNION BUDGET – 2018

UNION BUDGET

 548 total views

union budget 2018

No Deduction u/s 80 AC is admissible if return is not filed within due date

Few words are added in the Finance Bill after section 80 AC which reads as under:

“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.

It means that to claim deduction u/s 80 AC, return of income has to be filed on or before the time allowed u/s 139(1).

Chronicle amendment it is !!


[button color=”” size=”” type=”round” target=”” link=”https://thetaxtalk.com/”]home[/button]  [button color=”” size=”” type=”round” target=”” link=”https://thetaxtalk.com/submit-article-publish-your-articles-here/”]Submit Article [/button]  [button color=”” size=”” type=”round” target=”” link=”https://thetaxtalk.com/discussion-on-tax-problem/”]Discussion[/button]

Leave a Comment

Your email address will not be published.

the taxtalk

online portal for tax news, update, judgment, article, circular, income tax, gst, notification Simplifying the tax and tax laws is the main motto of the team tax talk, solving