Clause 51 - Insertion of new section 115JEE. - Finance Bill, 2012

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. .