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<h1>Amendment to Section 140: New Rules for Signing Tax Returns by Companies, Firms, and Local Authorities.</h1> Section 140 of the Income-tax Act, 1961, has been amended by the Taxation Laws (Amendment) Act, 1975. The amendment replaces clauses (c) and (d) with new provisions. For companies, the managing director is responsible for signing and verifying returns, or any director if the managing director is unavailable. For firms, the managing partner is responsible, or any partner not being a minor if the managing partner is unavailable. For local authorities, the principal officer is designated for this task.