Section 25 of Finance Act 2018
[Section 25 of Finance Act 2018 deals with Substitution of new section for section 80AC. and is covered in CHAPTER III DIRECT TAXES]
Substitution of new section for section 80AC.
25. For section 80AC of the Income-tax Act, the following section shall be substituted, namely:—
’80AC. Deduction not to be allowed unless return furnished.—Where in computing the total income of an assessee of any previous year relevant to the assessment year commencing on or after—
|(i)||the 1st day of April, 2006 but before the 1st day of April, 2018, 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;|
|(ii)||the 1st day of April, 2018, any deduction is admissible under any provision of this Chapter under the heading “C.—Deductions in respect of certain incomes“,|
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.’.