Persons deducting tax to furnish prescribed returns

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....hority ^5[or such other authority or agency as may be prescribed], such returns in such form and verified in such manner and setting forth such particulars as may be prescribed:] ^6[Provided that the Board may, if it considers necessary or expedient so to do, frame a scheme for the purposes of filing such returns with such other authority or agency referred to in this sub-section.] ^7[(2) Without prejudice to the provisions of sub-section (1), the person responsible for deducting tax under the foregoing provisions of this Chapter other than ^8[the prescribed person in the case of every office of the Government and] the principal officer in the case of every company may, at his option, deliver or cause to be delivered such return to th....

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....a company, as the case may be, and give him an opportunity of rectifying the defect within a period of fifteen days from the date of such intimation or within such further period which, on an application made in this behalf, the Assessing Officer may, in his discretion, allow; and if the defect is not rectified within the said period of fifteen days or, as the case may be, the further period so allowed, then, notwithstanding anything contained in any other provision of this Act, such return shall be treated as an invalid return and the provisions of this Act shall apply as if such person had failed to deliver the return.]     **************** NOTES:- 1. Substituted vide Section 56 of the Finance Act, 1987 w.....

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....on." Earlier, Amended vide Section 51 of the Finance Act, 1965 w.e.f. 01-04-1965 2. Numbered vide Section 52 of the Finance Act, 1997 w.e.f. 01-04-1997 3. Inserted vide Section 46 of the Finance Act, 2006 w.e.f. 01-04-2006 4. Substituted vide Section 62 of the Finance (No. 2) Act, 1991 w.e.f. 27-09-1991 before it was read as,  "shall prepare, within the prescribed time after the end of each financial year, and deliver or cause to be delivered" 5. Inserted vide Section 49 of the Finance (No. 2) Act, 2004 w.e.f. 01-10-2004 6. Inserted vide Section 49 of the Finance (No. 2) Act, 2004 w.e.f. 01-10-2004 7. Substituted vide Section 86 of the Finance ....