Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

Eligible deduction for itr after due date

Kamal Verma (Financial advisor) (582 Points)

07 February 2018

Dear experts,

If an individual furnish ITR for AY 2017-18 AND AY 2018-19, is he entitled to claim all the deductions u/s 80 of Income tax Act 1961?

Reply
Follow
Share

6 Replies

Kamal Verma (Financial advisor) (582 Points)
Replied 08 February 2018

Please reply.....................................

Upgrade to CAclubindia Pro. Subscribe Now!

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177741 Points)
Replied 08 February 2018

1. ITR for AY 2018-19 can be filed only after April, 2018.

2. ITR for AY 2017-18 can be file u/s. 139(4) till March 2018....... & yes deduction u/s. 80C is capped at aggregate eligible investment of 1.50 lakhs for each assessment year.....

Kamal Verma (Financial advisor) (582 Points)
Replied 08 February 2018

Sir,

I am asking about deductions which are covered in heading “C.—Deductions in respect of certain incomes” in Chapter VIA. If an assessee furnish ITR for AY 18-19 after due date, will deduction covered in heading "C" be available?