Section 52
Return of income
(1)
Every company is required to furnish a return of income for a year of assessment by 30th June of the relevant year of assessment to which the return relates.
(1A)
A return of income shall —
(a)
be in such form and manner, and accompanied by such annexures and documents, as the Collector may determine; and
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(b)
fully state all the relevant particulars or information as specified in the form of return, including a declaration of the records kept by the company.
(1B)
The Collector may, if he considers it necessary, extend the time to file the return of income.
(2)
The Collector may, exempt from liability to furnish returns such class of persons not liable to pay tax as he thinks fit, and any person so exempted need not furnish a return under that subsection unless he is required by the Collector to do so under subsection (3).
(3)
Notwithstanding subsection (1), the Collector may, by notice in writing, require any person to furnish to him in such form and manner and within such reasonable time as he may determine, with a return of income and such particulars as may be required for the purpose of ascertaining the income, if any, for which such person is chargeable under this Act.