Rule 6, Wealth-Tax Act Rules, 1959 [S1F-KS4]
As at 6 September 2026. In force from 24 April 1959.
6. Records and returns.—(1) Every assessee shall maintain a record of the carrying on of business or profession in Form 16 and shall preserve it for a period of five years. (2) The annual return under sub-section (2) of section 7 of the Act shall be furnished in Form 26AS on or before the thirtieth day of June every year.
Defined terms in this text (1)
assessee: Section 2(7), IT Act 1961: "assessee" means a person by whom any tax or any other sum of money is payable under this Act, and includes- (a) every person in respect of whom any proceeding under this Act has been taken for the assessment of his income or assessment of fringe benefits or of the income of any other person in respect of which he is assessable, or of the loss sustained by him or by such other person, or of the amount of refund due to him or to such other person; (b) every person who is deemed to be an assessee under any provision of this Act; (c) every person who is deemed to be an assessee in default under any provision of this Act;
assessee: Section 2, Assam Agricultural Income-tax Act, 1939 [S2DWKC] (In this Act, unless the context otherwise requires,—): "assessee" means a person by whom any tax or any other sum of money is payable under this Act
assessee: Section 2, Wealth-Tax Act, 1957 [S1EC08] (In this Act, unless the context otherwise requires,—): "assessee" means a person by whom any tax or any other sum of money is payable under this Act
assessee: 7 more definitions.
Made under this rule, or naming it (0)
none
Cited by (1)
Rule 5, Wealth-Tax Act Rules, 1959 [S1F-KR6], 24 April 1959, Band A. "rule 6".
Not held (0)
none
Duties published under this rule (0)
none