Section 42, Gift-tax Act, 1958 [S1E-WSN]

As at 7 September 2026. In force from 6 August 1960 by S.O. 2310(E) [N11-PCS].

In Gift-tax Act, 1958 [A10-FVX]. This text from 6 August 1960. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 42, Gift-tax Act, 1958 [S1E-WSN]. Machine: S1E-WSN.

42. Maintenance of records and furnishing of returns.—(1) Every person responsible for paying shall maintain such records and registers relating to the payment of sums liable to deduction as may be prescribed and shall preserve them for a period of five years. (2) Every person responsible for paying shall furnish to the Board a return in Form 16 within ninety days from the end of every financial year, and such other information as the Board may, by order in writing, require.

Defined terms in this text (1)

Board: Section 2, Gift-tax Act, 1958 [S1EVHS] (In this Act, unless the context otherwise requires,—): "Board" means the Central Board of Direct Taxes constituted under the Central Boards of Revenue Act, 1963 (54 of 1963)

Board: 279 more definitions.

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