Income Tax Act, 2025
Section 6: Ins. by Act 20 of 2015, s. 35 (w.e.f. 12016).
6. Ins. by Act 20 of 2015, s. 35 (w.e.f. 12016).
7. Subs. by Act 28 of 2016, s. 67, for sub-section (5) (w.e.f. 12017). Earlier sub-section (5) was substituted by Act 4 of
1988, s. 42 (w.e.f. 11988).
8. The words “the expiry of one year from” omitted by Act 7 of 2017, s. 55 (w.e.f. 12018).
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1[(6) The prescribed form of the returns referred to 2[in sub-sections (1) and (3) of this section, and in
clause (i) of sub-section (1) of section 142] shall, in such cases as may be prescribed, require the assessee
to furnish the particulars of income exempt from tax, 3[assets of the prescribed nature and 4[value, held by
him as a beneficial owner or otherwise in which he is a beneficiary], his bank account and credit card held
by him], expenditure exceeding the prescribed limits incurred by him under prescribed heads and such
other out-goings as may be prescribed.
(6A) Without prejudice to the provisions of sub-section (6), the prescribed form of the returns referred
to 5[in 6*** this section, and in clause (i) of sub-section (1) of section 142]shall, in the case of an assessee
engaged in any business or profession, also require him to furnish 7[the report of any audit8[referred to
in section 44AB,or, where the report has been furnished prior to the furnishing of the return, a copy of
such report together with proof of furnishing the report]], the particulars of the location and style of the
principal place where he carries on the business or profession and all the branches thereof, the names and
addresses of his partners, if any, in such business or profession and, if he is a member of an association or
body of individuals, the names of the other members of the association or the body of individuals and the
extent of the share of the assessee and the shares of all such partners or the members, as the case may be,
in the profits of the business or profession and any branches thereof.]
9* * * * *
10[(8) (a) 11[Where the return under sub-section (1) or sub-section (2) or sub-section (4) for an
assessment year is furnished after the specified date, or is not furnished, then [whether or not the
12[Assessing Officer] has extended the date for furnishing the return under sub-section (1) or sub-section
(2)], the assessee shall be liable to pay simple interest at 13[fifteen per cent.] per annum, reckoned from
the day immediately following the specified date to the date of the furnishing of the return or, where no
return has been furnished, the date of completion of the assessment under section 144, on the amount of
the tax payable on the total income as determined on regular assessment, as reduced by the advance tax, if
any, paid, and any tax deducted at source:
Provided that the 12[Assessing Officer] may, in such cases and under such circumstances as may be
prescribed, reduce or waive the interest payable by any assessee under this sub-section.
Explanation 1.—For the purposes of this sub-section, “specified date”, in relation to a return for an
assessment year, means,—
(a) in the case of every assessee whose total income, or the total income of any person in respect
of which he is assessable under this Act, includes any income from business or profession, the date of
the expiry of four months from the end of the previous year or where there is more than one previous
year, from the end of the previous year which expired last before the commencement of the
assessment year or the 30th day of June of the assessment year, whichever is later;
(w.e.f. 12017). Earlier sub-section
was substituted by Act 4 of
1988, s. 42 (w.e.f. 11988).
8. The words “the expiry of one year from” omitted by Act 7 of 2017, s. 55 (w.e.f. 12018).
561
1[
The prescribed form of the returns referred to 2[in sub-sections
and
of this section, and in
clause
of sub-section
of section 142] shall, in such cases as may be prescribed, require the assessee
to furnish the particulars of income exempt from tax, 3[assets of the prescribed nature and 4[value, held by
him as a beneficial owner or otherwise in which he is a beneficiary], his bank account and credit card held
by him], expenditure exceeding the prescribed limits incurred by him under prescribed heads and such
other out-goings as may be prescribed.
Without prejudice to the provisions of sub-section
of sub-section
of section 142]shall, in the case of an assessee
engaged in any business or profession, also require him to furnish 7[the report of any audit8[referred to
in section 44AB,or, where the report has been furnished prior to the furnishing of the return, a copy of
such report together with proof of furnishing the report]], the particulars of the location and style of the
principal place where he carries on the business or profession and all the branches thereof, the names and
addresses of his partners, if any, in such business or profession and, if he is a member of an association or
body of individuals, the names of the other members of the association or the body of individuals and the
extent of the share of the assessee and the shares of all such partners or the members, as the case may be,
in the profits of the business or profession and any branches thereof.]
9* * * * *
10[
(a) 11[Where the return under sub-section
or sub-section
or sub-section
for an
assessment year is furnished after the specified date, or is not furnished, then [whether or not the
12[Assessing Officer] has extended the date for furnishing the return under sub-section
or sub-section
in the case of every assessee whose total income, or the total income of any person in respect
of which he is assessable under this Act, includes any income from business or profession, the date of
the expiry of four months from the end of the previous year or where there is more than one previous
year, from the end of the previous year which expired last before the commencement of the
assessment year or the 30th day of June of the assessment year, whichever is later;