அதிகாரப்பூர்வ மொழிபெயர்ப்புDepartment of Government Printing-இலிருந்து, மாற்றமின்றி
Section 25B of the principal enactment is hereby repealed and the following section substituted therefor :-
25B. (1) The taxable period of every registered specified institution or other person shall be :-
(a)
one month for any taxable period prior to January 1, 2011; and
"Taxable period.
Act, No. 9 of 2011
(b)
six months for any taxable period commencing on or after January 1, 2011.
(2)
Every registered specified institution or other person shall furnish a return in the Form specified, in respect of each taxable period before the end of the following month of the taxable period.
(3)
(a) Notwithstanding the provisions of subsection (1) of section 26, tax payable for any taxable period by every registered specified institution or other person shall be paid on a monthly basis on or before the twentieth day of the succeeding month subject to the making of the final adjustment, if any, with the submission of the return as specified in this section.
(b)
Any tax which is not so paid as set out in paragraph (a) shall be deemed to be in default and any registered specified institution or other person to whom this subsection applies shall be deemed to be a defaulter within the meaning of this Act.”.