Income-tax Act,1961
Act No : 43
Section :
Information by persons responsible for paying interest.
3[285. Information by persons responsible for paying interest.- Omitted by the Finance Act, 1987, w.e.f 1-6-1987.] ----------------------------------------------------------------------- 1 Substituted for "Income-tax" by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. 2 Ibid. 3 Prior to the omission, section 285 read as under: "285. Information by pet-sons responsible for paving interest.- The person responsible for paying any interest, not being "interest on securities" shall, on or before the fifteenth day of June in each year, furnish to the Income-tax Officer having jurisdiction to assess him, a return in the prescribed form and verified in the prescribed manner of the names and addresses of all persons to whom during the previous financial year he has paid interest or aggregate interest exceeding such amount, not being less than four hundred rupees, as may be prescribed in this behalf, together with the amount paid to each such person." ----------------------------------------------------------------------- 1.807 1[285A. Information by contractors in certain cases.-Omitted by the Finance Act, 1988, w.e.f. 1-4-1988. It was inserted by the Direct Taxes (Amendment) Act, 1964, w.e.f. 6-10-1964.] 2[285B. Submission of statements by producers of cinematograph films, Any person carrying on the production of a cinematograph film during the whole or any part of any financial year shall, in respect of the period during which such production is carried on by him in such financial year, prepare and deliver or cause to be delivered to the 4 [Assessing] Officer, within thirty days from the end of such financial year or within thirty days from the date of the completion of the production of the film, whichever is earlier, a statement in the prescribed form' containing particulars of all payments of over five thousand rupees in the aggregate made by him or due from him to each such person as is engaged by him in such production 6[* * *].]
