Insertion of new section 115JEE.
51. After section 115JE of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2013, namely:—
Application of this Chapter to certain persons.
‘115JEE. (1) The provisions of this Chapter shall apply to a person who has claimed any deduction under—
(a) any section (other than section 80P) included in Chapter VI-A under the heading
“C.—Deductions in respect of certain incomes”; or
(b) section 10AA.
(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, if the adjusted total income of such person does not exceed twenty lakh rupees.’.
Notes on Clauses:
Clause 51 of the Bill seeks to insert a new section 115JEE relating to application of Chapter XII-BA to certain persons.
Sub-section (1) of the proposed new section 115JEE provides that the provisions of Chapter XII-BA shall apply to a person who has claimed any deduction under any section (other than section 80P) included in Chapter VI-A under the heading
“C.-- Deductions in respect of certain incomes”; or section 10AA.
Sub-section (2) of the aforesaid new section provides that the provisions of Chapter XII-BA 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, if the adjusted total income of such person does not exceed twenty lakh rupees.
This amendment will take effect from 1st April, 2013 and will, accordingly, apply in relation to assessment year 2013-2014 and subsequent assessment years.
