Section 53 - Insertion of new section 115JEE. - Finance Act, 2012

Insertion of new section 115JEE. 053 . After section 115JE of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2013, namely: '115JEE. 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) 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.'.