Comparison View

Formal Consolidation |  2008 RevEd
Furnishing of estimate of chargeable income if no return is made under section 62
63.—(1)  Every person, not being an individual or a Hindu joint family, who has not made a return under section 62 for any year of assessment shall, within 3 months after the end of the accounting period relating to that year of assessment, furnish to the Comptroller an estimate of his chargeable income.
15(1A)   Every individual or Hindu joint family carrying on or exercising any trade, business, profession or vocation who has not made a return under section 62 for any year of assessment shall, within 3 months after the end of the accounting period relating to that year of assessment, furnish to the Comptroller an estimate of his chargeable income.
[53/2007]
15  Subsection (1A) shall have effect from the year of assessment 2009.
16(2)   Any person who fails or neglects without reasonable excuse to furnish the estimate of his chargeable income as required under subsection (1) or (1A) shall be guilty of an offence.
[11/94; 53/2007]
16  The words in italics in paragraph (b) shall have effect from the year of assessment 2009.
Informal Consolidation | Amended Act 19 of 2013
Furnishing of estimate of chargeable income if no return is made under section 62
63.—(1)  Every person, not being an individual, who has not made a return under section 62 for any year of assessment shall, within 3 months after the end of the accounting period relating to that year of assessment, furnish to the Comptroller an estimate of his chargeable income.
[53/2007 wef Y/A 2009; 11/94]
[Act 29 of 2012 wef Y/A 2013 & Sub Ys/A]
**(1A)   Every individual carrying on or exercising any trade, business, profession or vocation who has not made a return under section 62 for any year of assessment shall, within 3 months after the end of the accounting period relating to that year of assessment, furnish to the Comptroller an estimate of his chargeable income.
[53/2007]
[Act 29 of 2012 wef Y/A 2013 & Sub Ys/A]
**  Subsection (1A) shall have effect from the year of assessment 2009.
*(2)   Any person who fails or neglects without reasonable excuse to furnish the estimate of his chargeable income as required under subsection (1) or (1A) shall be guilty of an offence.
[11/94; 53/2007]
*  The words in italics in subsection (2) shall have effect from the year of assessment 2009