Section 7, Taxation Laws (Extension to Jammu and Kashmir) Act, 1972 [S1N-G93]
As at 7 September 2026. In force from 17 July 1972.
7. 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 26AS within thirty 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, Taxation Laws (Extension to Jammu and Kashmir) Act, 1972 [S1NG4S] (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.
Made under this section, or naming it (0)
none
Cited by (1)
Section 62, Taxation Laws (Extension to Jammu and Kashmir) Act, 1972 [S1N-J0S], 17 July 1972, Band A. "section 7".
Not held (0)
none
Duties published under this section (1)
D11-3Q3. Every person responsible for paying: Maintain records and registers of the payment of sums liable to deduction; preserve for five years; furnish the annual return in Form 26AS; thirty days from the end of every financial year; Form 26AS. Published by Department of Revenue, Ministry of Finance (synthetic record).