Furnishing of statement
Section 167 of the Finance Act, 2016 deals with furnishing of statement. Furnishing of statement. 167. (1) Every [assessee or e-commerce operator] shall, within the prescribed time after the end of each financial year, prepare and deliver or cause to be delivered to the Assessing Officer or to any other authority or agency authorised by the Board in this behalf, a statem The Act was enacted on 27 Jun 2016.
Furnishing of statement.
167.
(1) Every [assessee or e-commerce operator] shall, within the prescribed time after the end of each financial year, prepare and deliver or cause to be delivered to the Assessing Officer or to any other authority or agency authorised by the Board in this behalf, a statement in such form, verified in such manner and setting forth such particulars as may be prescribed, in respect of all [specified servicesor e-commerce supply or services, as the case may be,] during such financial year.
(2) An [assessee or e-commerce operator] who has not furnished the statement within the time prescribed under sub-section (1) or having furnished a statement under sub-section (1), notices any omission or wrong particular therein, may furnish a statement or a revised statement, as the case may be, at any time before the expiry of two years from the end of the financial year in which the [specified services was provided or e-commerce supply or services was made or provided or facilitated].
(3) Where any [assessee or e-commerce operator] fails to furnish the statement under sub-section (1) within the prescribed time, the Assessing Officer may serve a notice upon such [assessee or e-commerce operator] requiring him to furnish the statement in the prescribed form, verified in the prescribed manner and setting forth such particulars, within such time, as may be prescribed.
1. Substituted for "assessee" by the Finance Act, 2020 w.e.f. 1-4-2020.
2. Substituted for "specified services" by the Finance Act, 2020 w.e.f. 1-4-2020.
3. Substituted for "specified services was provided" by the Finance Act, 2020 w.e.f. 1-4-2020.
Section 167, The Finance Act, 2016.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 167
What does Section 167 of the Finance Act deal with?
Section 167 of the Finance Act is headed "Furnishing of statement". Furnishing of statement. 167. (1) Every [assessee or e-commerce operator] shall, within the prescribed time after the end of each financial year, prepare and deliver or cause to be delivered to the Assessing Officer or to any other authority or agency authorised by the Board in this behalf, a statem
How do I find court cases under Section 167 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2016 167, section 167 Finance Act 2016, section 167 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 167 of the Finance Act, and has it changed?
3 other provisions in this corpus refer back to it.
When was Section 167 of the Finance Act enacted?
Section 167 of the Finance Act, cited as Finance Act 2016 167, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.
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