Section - 115JEE (of Income Tax Act, 1961), Application of this Chapter to certain persons
Section - 115JEE (of Income Tax Act, 1961), Application of this Chapter to certain persons
Application of this Chapter to certain persons.
(1) The provisions of this Chapter shall apply to a person who has claimed any deduction under—
(a) any section (other than section 80P (of Income Tax Act, 1961)) included in Chapter VI-A under the heading "C.—Deductions in respect of certain incomes"; or
(b) section 10AA (of Income Tax Act, 1961); or
(c) section 35AD (of Income Tax Act, 1961).
(2) The provisions of this Chapter shall not apply to an individual or a Hindu undivided family or an association of persons or a body of individuals, whether incorporated or not, or an artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2 (of Income Tax Act, 1961), if the adjusted total income of such person does not exceed twenty lakh rupees.
(2A) The provisions of this Chapter shall not apply to specified fund referred to in clause (c) of the Explanation to clause (4D) of section 10 (of Income Tax Act, 1961).
(3) Notwithstanding anything contained in sub-section (1) or sub-section (2), the credit for tax paid under section 115JC (of Income Tax Act, 1961) shall be allowed in accordance with the provisions of section 115JD (of Income Tax Act, 1961).
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