Amendment of section 139

Section 24 of the Finance Act, 2011 deals with amendment of section 139. Amendment of section 139. 24. In section 139 of the Income-tax Act,— (a ) in sub-section (1), in Explanation 2,— (i) in clause ( a), in sub-clause (i), after the words "a company", the words, brackets and letters "other than a company referred to in clause (aa)" shall be inserted;

Amendment of section 139.

24. In section 139 of the Income-tax Act,—

(a ) in sub-section (1), in Explanation 2,—

(i) in clause ( a), in sub-clause (i), after the words "a company", the words, brackets and letters "other than a company referred to in clause (aa)" shall be inserted;

(ii) after clause ( a), the following clause shall be inserted, namely:—

"( aa) in the case of an assessee being a company, which is required to furnish a report referred to in section 92E, the 30th day of November of the assessment year;";

(b ) after sub-section (1B), the following sub-section shall be inserted with effect from the 1st day of June, 2011, namely:—

"(1C ) Notwithstanding anything contained in sub-section (1), the Central Government may, by notification in the Official Gazette, exempt any class or classes of persons from the requirement of furnishing a return of income having regard to such conditions as may be specified in that notification.";

(c ) in sub-section (4C), with effect from the 1st day of June, 2011,—

(i) after clause ( f) and before the words "shall, if the total income", the following clauses shall be inserted, namely:—

"( g) body or authority or Board or Trust or Commission (by whatever name called) referred to in clause (46) of section 10;

( h) infrastructure debt fund referred to in clause (47) of section 10,";

(ii) after the words "medical institution or trade union", the words "or body or authority or Board or Trust or Commission or infrastructure debt fund" shall be inserted.

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Section 24, The Finance Act, 2011.