Section 24 - Amendment of section 139. - Finance Act, 2011

Amendment of section 139. 24. In section 139 of the Income-tax Act, (a) in sub-section (1), in Explanation 2, (i) in clause (a), in sub-clause (i), after the words a company , the words, brackets and letters other than a company referred to in clause (aa) shall be inserted; (ii) after clause (a), the following clause shall be inserted, namely: (aa) in the case of an assessee being a company, which is required to furnish a report referred to in section 92E, the 30th day of November of the assessment year; ; (b) after sub-section (1B), the following sub-section shall be inserted with effect from the 1st day of June, 2011, namely: (1C) Notwithstanding anything contained in sub-section (1), the Central Government may, by notification in the Official Gazette, exempt any class or classes of persons from the requirement of furnishing a return of income having regard to such conditions as may be specified in that notification. ; (c) in sub-section (4C), with effect from the 1st day of June, 2011, (i) after clause (f) and before the words shall, if the total income , the following clauses shall be inserted, namely: (g) body or authority or Board or Trust or Commission (by whatever name called) referred to in clause (46) of section 10; (h) infrastructure debt fund referred to in clause (47) of section 10, ; (ii) after the words medical institution or trade union , the words or body or authority or Board or Trust or Commission or infrastructure debt fund shall be inserted.