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Amendment to [ Section-80AC ] w.e.f. Assessment Year 2019-2020 under Income Tax Act.

Deductions in respect of certain incomes not to be allowed unless return is filed by the due date [Sec. 80AC]

Section 8OAC provides that deduction under sections 80-IA, 80-lAB, 80-TB, 80-IC, 80-ID and 80-IE is not available if return of income is submitted by the assessee after the due date of submission of return of income specified under section 139(1). This burden is not cast upon assessees claiming deductions under several other similar provisions.

Amendment – 

In view of the above, the scope of section 80AC has been extended (with effect from the assessment year 2018-19) to provide that the benefit of deduction under the entire class of deductions under the heading “C.—Deductions in respect of certain incomes” in Chapter VIA shall not be allowed unless the return of income is filed by the due date. The table given below highlights the provisions of section 80AC before and after amendment —


For assessment years 2006-07 to 2017-18

Deduction under sections 80-IA, 80-lAB, 80-TB, 80-IC, 80-ID and 80-IE is not available if return of income is submitted after due date given in section 139(1)

From the assessment 2018-19

Deduction under sections 80-IA, 80-TAB, 80-IAC, 80-TB, 80-IBA, 80-IC, 80-ID, 80-IE, 80JJA, year 80JJAA, 80LA, 80P, 80PA, 80QQB and 80RRB is not available if return of income is submitted 
after due date given in section 139(1)

Amendment at a Glance for A.Y. 2019-20
Amendment to [Sec.-2(24)] Amendment to [Sec.-2(42A)] Amendment to [Sec.-9]
Amendment to [Sec.-16 & 17] Amendment to [Sec.-28] Amendment to [Sec.-36 & 40A]
Amendment to [Sec.-43] Amendment to [Sec.-43CA] Amendment to [Sec.-44AE]
Amendment to [Sec.-49] Amendment to [Sec.-56(2)(x)] Amendment to [Sec.-79]
Amendment to [Sec.-80AC] Amendment to [Sec.-80D] Amendment to [Sec.-80DDB]
Amendment to [Sec.-80IAC] Amendment to [Sec.-80JJAA] Amendment to [Sec.-80PA]
Amendment to [Sec.-80TTA] Amendment to [Sec.-80TTB] Amendment to [Sec.-115AD]
Amendment to [Sec.-115BA] Amendment to [Sec.-115BBE] Amendment to [Sec.-115JB]
Amendment to [Sec.-115O & 115Q] Amendment to [Sec.-115R & 115T] Amendment to [Sec.-139A]
Amendment to [Sec.-140] Amendment to [Sec.-143] Amendment to [Sec.-145A & 145B]
Amendment to [Sec.-193] Amendment to [Sec.-194A] Amendment to [Sec.-145O & 245Q]
Amendment to [Sec.-271FA] Amendment to [Sec.-276CC] Amendment to [Sec.-286]

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