9911796707
TMI BlogAmendment of section 139.X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Cen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Clause 23 of the Bill seeks to amend section 139 of the Income-tax Act relating to return of income. Under the existing provisions contained in clause (a) of Explanation 2 to sub-section (1) of the said section, the due date for filing return of income, in the case of a company; or a person (other than a company) whose accounts are required to be audited under the Income-tax Act or under any ot ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... effect retrospectively from 1st April, 2011. Under the existing provisions contained in sub-section (1) of the aforesaid section, every person, if his total income or the total income of any other person in respect of which he is assessable under the Income-tax Act during the previous year exceeds the maximum amount which is not chargeable to income-tax, shall furnish a return of his income or t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he aforesaid sub-section to insert therein new clauses (g) and (h) in order to require that any body or authority or Board or Trust or Commission referred to in clause (46) of section 10 and infrastructure debt fund referred to in clause (47) of section 10, respectively, shall also furnish a return of income.
This amendment will take effect from 1st June, 2011. X X X X Extracts X X X X X X X X Extracts X X X X
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