9911796707
TMI BlogSelf-reporting of tax bases.X X X X Extracts X X X X X X X X Extracts X X X X ..... y; (vii) a local authority; (viii) a political party; (ix) any person who intends to carry forward the loss or any part thereof in accordance with the provisions of this Code; (x) any person who derives any income from special sources and such income is chargeable to tax; (xi) any other person liable to pay tax under this Code, and (xii) any class or classes of persons as may be prescribed; (b) in relation to dividend or income distributed, be the following, namely:— (i) a company resident in India which distributes the dividend; (ii) a mutual fund which distributes the income to the unit holders of equity oriented fund; (iii) a life insurer who distributes the income to the policy holders of an approved equity oriented life insurance schem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on (4), intimate to such person the deficiency and allow him an opportunity to remove the deficiency within a period of thirty days from the service of the intimation. (8) The Assessing Officer shall treat the return filed by a person as invalid, if the deficiency referred to in sub-section (7) is not removed within the time allowed and the provisions of the Code shall apply as if the person had failed to furnish the return. (9) The return of tax bases of a person specified in column (2) of the Table given below shall be signed and verified by a person specified in column (3) of the said Table: Serial number Person furnishing the return or tax bases Person required to sign and verify the return of tax bases (1) (2) (3) 1 Individual being me ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... turn. 9 Limited liability partnership (a) designated partner of the limited liability partnership; or (b) any partner (not being a minor) of the limited liability partnership if there is no designated partner or the designated partner, for any unavoidable reason, is not able to sign and verify the return. 10 Local authority Principal officer of the local authority 11 Political party Chief executive officer (whether such Chief executive officer is known as secretary or by any other designation) of the party 12 Any other association of persons Any member or the principal officer of the association. 13 Any other person (a) person himself; or (b) any person competent to act on his behalf. (10) Any person who is otherwise not required to furnish ..... X X X X Extracts X X X X X X X X Extracts X X X X
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