TMI BlogObligation to furnish annual information return.X X X X Extracts X X X X X X X X Extracts X X X X ..... ish an annual information return, in respect of such specified financial transaction. (2) The person referred to in sub-section (1) shall be— (a) an assessee; (b) a designated person in the case of an office of the Government; (c) a local authority or other public body or association; (d) the Registrar or Sub-Registrar appointed under section 6 of the Registrat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be furnished to such income-tax authority or any other authority or agency, in such form and manner (including on a floppy, diskette, magnetic cartridge tape, CD-ROM or any computer readable media) and within such time as may be prescribed. (4) In this section, "specified financial transaction" means— (a) a transaction of purchase, sale or exchange of goods or property or right or in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hin a period of one month from the service of such intimation. (7) The income-tax authority referred to in sub-section (3) shall treat the annual information return as invalid if the defect referred to in sub-section (6) is not removed within the time allowed, and the provisions of this Code shall apply as if such person had failed to furnish the annual information return. (8) If a perso ..... X X X X Extracts X X X X X X X X Extracts X X X X
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