Amendment of section 139.

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....p;            "Provided also that a person, being a resident, who is not required to furnish a return under this sub-section and who during the previous year has any asset (including any financial interest in any entity) located outside India or signing authority in any account located outside India, shall furnish, on or before the due date, a....

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....a company, which", the word "who" shall be substituted. - Clause 56 of the Bill seeks to amend section 139 of the Income-tax Act relating to return of income. The existing provisions of sub-section (1) of the aforesaid section 139 provide that 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 pre....

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.... for the previous year in such form and verified in such manner and setting forth such other particulars as may be prescribed. The existing provisions of clause (a) of Explanation 2 to sub-section (1) of the aforesaid section 139 provides the due date for filing return of income, in the case of company other than a company referred to in clause (aa); or a person "other than a company" whose acc....