Amendment status not verified — confirm the current text below against the official source.
Return of completion, etc., of building.-(1) The owner of every building- (a) the construction of which is completed on or after the 1st day of Apnl, 1973, and the estimated capital value of which is more than twenty thousand rupees ; or (b) the construction of which was completed before the 1st day of April, 1973 and to which majot· repairs or improve- ments are made after the said date ; or (c) the constructiOn of which has been completed on or after the 1st day of Apnl, 1973, and whose capital value subse- quently increases to more than twenty thousand rupees due to new constructions or additions or combmations or as a result of repairs or improvements; or (d) which has already been taxed under this Act and the capital value of which subsequently mcreases by more than ten thousand rupees by new constructions or additions or combinations or as a result of repairs or improvements, shall furnish to the assessmg authority a return m the pres- cribed form and verified m the prescribed manner and contain- ills such particulars as may be prescribed (2) A return under sub-sect10n (1) shall be furnished- (a) in the case of buildings the construction of which has been completed before the 27th July 1974, within two months from that date ; (b) in the case of major repairs or improvements or new constructions or additions or combinations, or other repairs or improvements, made before the 27th July, 1974, withm two months from that date , (c) in other cases, within two months from the date of completion of the construction of the buildmg or the completion of the repairs or improvements or the new constructions or additions or combinations (3) If the assessing authority is of opinion that any person is liable to furnish a return under sub-section (1), then, notwithstanding anything contained in that sub-section, it may serve a notice upon that person requiring hun to furnish with- in such period, not being less than thirty days from the date of 80 service of the notice, as may be spec1fied in the notice, a return m the prescribed form and venfied in the prescnbed manner and containing such particulars as may be spec1fied in ,!J the notice. (4) The assessing authority may, if it is satisfied that 1t is necessary so to do, extend the date for the furn1shing of the return under this section.