India - Income Tax Act 2010 - Saarc

1.381 CH. VI-A - DEDUCTIONS - GENERAL S. 80BComputation of deduction under section 80M.80AA. 93 [Omitted by the Finance Act, 1997, w.e.f. 1-4-1998.]94[Deductions to be made with reference to the income included in the gross totalincome.9580AB. Where any deduction is required to be made or allowed under anysection 96 [* * *] included in this Chapter under the heading “C.—Deductionsin respect of certain incomes” in respect of any income of the naturespecified in that section which is included in the gross total income of theassessee, then, notwithstanding anything contained in that section, for thepurpose of computing the deduction under that section, the amount of incomeof that nature as computed in accordance with the provisions of this Act (beforemaking any deduction under this Chapter) shall alone be deemed to be theamount of income of that nature which is derived or received by the assessee andwhich is included in his gross total income.]97[Deduction not to be allowed unless return furnished.80AC. Where in computing the total income of an assessee of the previous yearrelevant to the assessment year commencing on the 1st day of April,2006 or any subsequent assessment year, any deduction is admissible undersection 80-IA or section 80-IAB or section 80-IB or section 80-IC 98 [or section80-ID or section 80-IE], no such deduction shall be allowed to him unless hefurnishes a return of his income for such assessment year on or before the duedate specified under sub-section (1) of section 139.]99[Definitions.80B. In this Chapter—(1) 1 [* * *](2) 2 [* * *](3) 3 [* * *](4) 4 [* * *](5) “gross total income” means the total income computed in accordancewith the provisions of this Act, before making any deduction underthis Chapter 5 [* * *] 6 [* * *];93. Prior to its omission, section 80AA was inserted by the Finance (No. 2) Act, 1980, w.r.e.f.1-4-1968, subject to the savings prescribed in section 44 of the said Act.94. Inserted by the Finance (No. 2) Act, 1980, w.e.f. 1-4-1981.95. For relevant case laws, see Taxmann’s Master Guide to Income-tax Act.96. Words “(except section 80M)” omitted by the Finance Act, 1997, w.e.f. 1-4-1998.97. Inserted by the Finance Act, 2006, w.e.f. 1-4-2006.98. Inserted by the Finance Act, 2007, w.e.f. 1-4-2008.99. Inserted by the Finance (No. 2) Act, 1967, w.e.f. 1-4-1968 in place of original section 80D.1. Omitted by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976.2. Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.3. Omitted by the Finance Act, 1968, w.e.f. 1-4-1969.4. Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.5. Words “or under section 280-O” omitted by the Finance Act, 1988, w.e.f. 1-4-1988.6. Words “and without applying the provisions of section 64” omitted by the Taxation Laws(Amendment) Act, 1970, w.r.e.f. 1-4-1968.