{"act":{"id":"finance-act-2007","short_title":"The Finance Act, 2007","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2007-2008.","act_number":null,"act_year":2007,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":96,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2007/"},"unit":"section","section":{"number":"45","heading":"Insertion of new sections 139C and 139D","text":"Insertion of new sections 139C and 139D. 45. After section 139B of the Income-tax Act, the following sections shall be inserted and shall be deemed to have been inserted with effect from the 1st day of June, 2006, namely:— \"139C. Power of Board to dispense with furnishing documents, etc. with the return.—(1) The Board may make rules providing for a class or classes of persons who may not be required to furnish documents, statements, receipts, certificates, reports of audit or any other documents, which are otherwise under any other provisions of this Act, except section 139D, required to be furnished, along with the return but on demand to be produced before the Assessing Officer. (2) Any rule made under the proviso to sub-section (9) of section 139 as it stood immediately before its omission by the Finance Act, 2007 shall be deemed to have been made under the provisions of this section. 139D. Filing of return in electronic form.—The Board may make rules providing for— (a ) the class or classes of persons who shall be required to furnish the return in electronic form; (b ) the form and the manner in which the return in electronic form may be furnished; (c ) the documents, statements, receipts, certificates or audited reports which may not be furnished along with the return in electronic form but shall be produced before the Assessing Officer on demand; (d ) the computer resource or the electronic record to which the return in electronic form may be transmitted.\". © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p><b>Insertion of new sections 139C and 139D.</b></p><p><b>45.</b> After section 139B of the Income-tax Act, the following sections shall be inserted and shall be deemed to have been inserted with effect from the 1st day of June, 2006, namely:—</p><p>\"139C. <i>Power of Board to dispense with furnishing documents, etc. with the return.—</i>(1) The Board may make rules providing for a class or classes of persons who may not be required to furnish documents, statements, receipts, certificates, reports of audit or any other documents, which are otherwise under any other provisions of this Act, except section 139D, required to be furnished, along with the return but on demand to be produced before the Assessing Officer.</p><p><span class=\"num\">(2)</span> Any rule made under the proviso to sub-section (9) of section 139 as it stood immediately before its omission by the Finance Act, 2007 shall be deemed to have been made under the provisions of this section.</p><p>139D. <i>Filing of return in electronic form.—</i>The Board may make rules providing for—</p><p>(<i>a</i> ) the class or classes of persons who shall be required to furnish the return in electronic form;</p><p>(<i>b</i> )<i> </i>the form and the manner in which the return in electronic form may be furnished;</p><p>(<i>c</i> ) the documents, statements, receipts, certificates or audited reports which may not be furnished along with the return in electronic form but shall be produced before the Assessing Officer on demand;</p><p>(<i>d</i> ) the computer resource or the electronic record to which the return in electronic form may be transmitted.\".</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":258,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2007/section/45/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}