Amendment of section 139.

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....sp;                                                           (a) in sub-section (1), in Explanation 2,- ....

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.... as may be specified in that notification."; (c) in sub-section (4C), with effect from the 1st day of June, 2011,- (i) after clause (f) and before the words "shall, if the total income", the following clauses shall be inserted, namely:- "(g) body or authority or Board or Trust or Commission (by whatever name called) referred to in clause (46) of section 10; (h) infrastructure debt fund....

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.... in force, shall be the 30th day of September of the assessment year. Section 92E of the Income-tax Act contains provisions for furnishing a report from an accountant by a person entering into international transactions. It is proposed to amend sub-clause (i) of clause (a) to the said Explanation 2 and to insert a new clause (aa) after the said clause (a) so as to provide that for filing ....

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....ent to exempt by notification in the Official Gazette any class or classes of persons from the requirement of furnishing a return of income having regard to such conditions as may be specified in that notification. This amendment will take effect from 1st June, 2011. Under the existing provisions contained in sub-section (4C) of  section 139, every entity referred to therein shall, if t....