Singapore legislation
Clause 12
Clause 12
New section 63A
The principal Act is hereby amended by inserting immediately after section 63 thereof the following section: —“Furnishing of estimate where accounting year ends on or before 30th September63A.—
Where the accounting period in respect of any trade, business, profession or vocation ends on or before the 30th day of September in any year, the person carrying on such trade, business, profession or vocation shall, within three months after the end of the accounting period, furnish to the Comptroller an estimate of his chargeable income.(2) Any person who fails or neglects without reasonable excuse to furnish the estimate of his chargeable income as required under subsection (1) of this section shall be guilty of an offence against this Act.”.