Amendment of section 276CC.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hree years", the words "two years" shall be substituted. - Clause 102 of the Bill seeks to amend section 276CC of the Income-tax Act relating to failure to furnish return of income. The existing provisions of the aforesaid section 276CC provide that if a person wilfully fails to furnish in due time the return of fringe benefits which he is required to furnish under sub-section (1) of section 11....