DUE ON JUNE I

Wairarapa Times-Age, 18 May 1942, Page 2

DUE ON JUNE I

RETURNS OF INCOME. Returns of income are required to be furnished by all companies and persons in business, or in receipt of profits or gains derived from the use or occupation of all lands used for agricultural or pastoral purposes (irrespective of the value of such, lands) or in receipt of profits or gains derived from the extraction, removal, or sale of minerals, timber, or flax; also by all, persons in receipt of income from salary, wages (including bonuses, overtime, allowances, etc.), interest, rent, annuity, or other annual payment, or dividends or other profits from shares in companies where ’feuch income exceeds £2OO per annum, whether the ipcome from interest, rent, annuity, or dividends is derived from a source within New Zealand or beyond New Zealand. The return should be completed and forwarded to the Commissioner of Taxes, Wellington C 3, on or before June 1. If tor any reason the return cannot be furnished by the prescribed date application should be made for an extension of time. Where returns are accepted compiled to a date subsequent to March 31, they should be furnished within two months of that date. Persons required by law to furnish returns of income are cautioned that failure to supply such returns renders them liable to prosecution under the penal clauses of the Land and Income Tax Act, 1923, Taxpayers are warned that it is the intention of the Commissioner of Taxes to apply more rigorously the penal provisions of the Act.