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What are the Deductions to be made with reference to the income included in the gross total income? What are Deduction not to be allowed unless return furnished? Section 80AB and 80AC of Income Tax Act 1961

Deductions to be made with reference to the income included in the gross total income and Deduction not to be allowed unless return furnished are defined under section 80AB and 80AC of Income Tax Act 1961. Provisions under these Sections are:

Section 80AB of Income Tax Act "Deductions to be made with reference to the income included in the gross total income"

Section 80AB. Where any deduction is required to be made or allowed under any section included in this Chapter under the heading "C.—Deductions in respect of certain incomes" in respect of any income of the nature specified in that section which is included in the gross total income of the assessee, then, notwithstanding anything contained in that section, for the purpose of computing the deduction under that section, the amount of income of that nature as computed in accordance with the provisions of this Act (before making any deduction under this Chapter) shall alone be deemed to be the amount of income of that nature which is derived or received by the assessee and which is included in his gross total income.

 

 

Section 80AC of Income Tax Act "Deduction not to be allowed unless return furnished"

Section 80AC. Where in computing the total income of an assessee of the previous year relevant to the assessment year commencing on the 1st day of April, 2006 or any subsequent assessment year, 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, 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..

Income Tax Act 1961

What are Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone? Section 80-IAB of Income Tax Act 1961

What are Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development undertakings? Section 80-IB of Income Tax Act 1961

What are Special provisions in respect of certain undertakings or enterprises in certain special category States? Section 80-IC of Income Tax Act 1961

What are Deduction in respect of profits and gains from business of hotels and convention centres in specified area? Section 80-ID of Income Tax Act 1961

What are Special provisions in respect of certain undertakings in North-Eastern States? Section 80-IE of Income Tax Act 1961

What are Special provisions in respect of certain undertakings in North-Eastern States? Section 80-IE of Income Tax Act 1961

What are Deduction in respect of royalties, etc., from certain foreign enterprises? Section 80-O of Income Tax Act 1961

What are Deductions to be made in computing total income? Section 80 A of Income Tax Act 1961

What are the Deductions to be made with reference to the income included in the gross total income? What are Deduction not to be allowed unless return furnished? Section 80AB and 80AC of Income Tax Act 1961

What are the Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc? Section 80C of Income Tax Act 1961

What is the Deduction in respect of deposits under National Savings Scheme or payment to a deferred annuity plan? Section 80CCA of Income Tax Act 1961

What is the Deduction in respect of investment made under Equity Linked Savings Scheme? Section 80CCB of Income Tax Act 1961

What is the Deduction in respect of contribution to certain pension funds? Section 80CCC of Income Tax Act 1961

What is Deduction in respect of contribution to pension scheme of Central Government? Section 80CCD of Income Tax Act 1961

What is Limit on deductions under sections 80C, 80CCC and 80CCD Deduction in respect of subscription to long-term infrastructure bonds? Section 80CCE and 80CCF of Income Tax Act 1961

What is Deduction in respect of investment made under an equity savings scheme? Section 80CCG of Income Tax Act 1961

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