{"act":{"id":"finance-act-2013","short_title":"The Finance Act, 2013","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2013-2014.","act_number":null,"act_year":2013,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":142,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2013/"},"unit":"section","section":{"number":"62","heading":"Insertion of new sections 14A and 14B","text":"Insertion of new sections 14A and 14B. 62. After section 14 of the Wealth-tax Act, the following sections shall be inserted with effect from the 1st day of June, 2013, namely:— \"14A. Power of Board to dispense with furnishing documents, etc., with return of wealth.—The Board may make rules providing for a class or classes of persons who may not be required to furnish documents, statements, receipts, certificates, audit reports, reports of registered valuer or any other documents, which are otherwise under any other provisions of this Act, except section 14B, required to be furnished, along with the return but on demand to be produced before the Assessing Officer. 14B. 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, audit reports, reports of registered valuer or any other documents 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 14A and 14B.</b></p><p><b>62.</b> After section 14 of the Wealth-tax Act, the following sections shall be inserted with effect from the 1st day of June, 2013, namely:—</p><p>\"14A.<i> Power of Board to dispense with furnishing documents, etc., with return of wealth.—</i>The Board may make rules providing for a class or classes of persons who may not be required to furnish documents, statements, receipts, certificates, audit reports, reports of registered valuer or any other documents, which are otherwise under any other provisions of this Act, except section 14B, required to be furnished, along with the return but on demand to be produced before the Assessing Officer.</p><p>14B.<i> Filing of return in electronic form.—</i>The Board may make rules providing for—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>a</i>)</td><td></td><td>the class or classes of persons who shall be required to furnish the return in electronic form;</td></tr><tr><td>(<i>b</i>)</td><td></td><td>the form and the manner in which the return in electronic form may be furnished;</td></tr><tr><td>(<i>c</i>)</td><td></td><td>the documents, statements, receipts, certificates, audit reports, reports of registered valuer or any other documents which may not be furnished along with the return in electronic form but shall be produced before the Assessing Officer on demand;</td></tr><tr><td>(<i>d</i>)</td><td></td><td>the computer resource or the electronic record to which the return in electronic form may be transmitted.\".</td></tr></table></div><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":222,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2013/section/62/","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."}