India - Income Tax Act 2010 - Saarc

S. 80P I.T. ACT, 1961 1.498Explanation.—For the purposes of this section, an “urban consumers’ co-operativesociety” means a society for the benefit of the consumers within the limitsof a municipal corporation, municipality, municipal committee, notified areacommittee, town area or cantonment.(3) In a case where the assessee is entitled also to the deduction under 61 [***]62[section 80HH] 63 [or section 80HHA] 64 [or section 80HHB] 65 [or section80HHC] 66 [or section 80HHD] 67 [or section 80-I] 68 [or section 80-IA] or section6980J 70 [***] 71 [***], the deduction under sub-section (1) of this section, in relationto the sums specified in clause (a) or clause (b) or clause (c) of sub-section (2), shallbe allowed with reference to the income, if any, as referred to in those clausesincluded in the gross total income as reduced by the deductions under 72 [***]73[section 80HH,] 74 [section 80HHA,] 75 [section 80HHB,] 76 [section 80HHC,]77[section 80HHD,] 78 [section 80-I,] 79 [section 80-IA,] 80 [ 81 [section 80J 82 and section80JJ]].]83[(4) The provisions of this section shall not apply in relation to any co-operativebank other than a primary agricultural credit society or a primary co-operativeagricultural and rural development bank.61. “section 80H or” omitted by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976.62. Inserted by the Direct Taxes (Amendment) Act, 1974, w.e.f. 1-4-1974.63. Inserted by the Finance (No. 2) Act, 1977, w.e.f. 1-4-1978.64. Inserted by the Finance Act, 1982, w.e.f. 1-4-1983.65. Inserted by the Finance Act, 1983, w.e.f. 1-4-1983.66. Inserted by the Direct Tax Laws (Amendment) Act, 1989, w.e.f. 1-4-1989.67. Inserted by the Finance (No. 2) Act, 1980, w.e.f. 1-4-1981.68. Inserted by the Finance Act, 1993, w.r.e.f. 1-4-1991.69. Section 80J has now been omitted by the Finance (No. 2) Act, 1996, w.r.e.f. 1-4-1989.70. Words “or section 80JJ” omitted by the Finance Act, 1997, w.e.f. 1-4-1998. Earlier thequoted words were inserted by the Finance Act, 1975, w.e.f. 1-4-1976 and later on omittedby the Finance Act, 1985, w.e.f. 1-4-1986 and again inserted by the Finance Act, 1989, w.e.f.1-4-1990.71. “or section 80JJA”, which expression was earlier inserted by the Finance Act, 1979, w.e.f.1-4-1980, omitted by the Finance Act, 1983, w.e.f. 1-4-1984.72. “section 80H,” omitted by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976.73. Inserted by the Direct Taxes (Amendment) Act, 1974, w.e.f. 1-4-1974.74. Inserted by the Finance (No. 2) Act, 1977, w.e.f. 1-4-1978.75. Inserted by the Finance Act, 1982, w.e.f. 1-4-1983.76. Inserted by the Finance Act, 1983, w.e.f. 1-4-1983.77. Inserted by the Direct Tax Laws (Amendment) Act, 1989, w.e.f. 1-4-1989.78. Inserted by the Finance Act, 1981, w.e.f. 1-4-1981.79. Inserted by the Finance Act, 1993, w.r.e.f. 1-4-1991.80. Substituted for “section 80J and section 80JJ” by the Finance Act, 1985, w.e.f. 1-4-1986.Earlier, “section 80J and section 80JJ” was substituted for “section 80J, section 80JJ andsection 80JJA” by the Finance Act, 1983, w.e.f. 1-4-1984, “section 80J, section 80JJ andsection 80JJA” substituted for “section 80J and section 80JJ” by the Finance Act, 1979, w.e.f.1-4-1980 and “sections 80J and 80JJ” substituted for “and section 80J” by the Finance Act,1975, w.e.f. 1-4-1976.81. Substituted for “and section 80J” by the Finance Act, 1989, w.e.f. 1-4-1990.82. Section 80J has now been omitted by the Finance (No. 2) Act, 1996, w.r.e.f. 1-4-1989.83. Inserted by the Finance Act, 2006, w.e.f. 1-4-2007. Earlier sub-section (4) was omitted bythe Finance Act, 1969, w.e.f. 1-4-1970.