Section 7, Interest-tax Act, 1974 [S1P-4FD]

As at 7 September 2026. In force from 7 January 1975 by S.O. 399(E) [N11-XXQ].

In Interest-tax Act, 1974 [A10-Q01]. This text from 7 January 1975. 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 7, Interest-tax Act, 1974 [S1P-4FD]. Machine: S1P-4FD.

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, Interest-tax Act, 1974 [S1P4A7] (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 57, Interest-tax Act, 1974 [S1P-61S], 6 February 1974, Band A. "section 7".

Not held (0)

none

Duties published under this section (1)

D11-5EC. 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).