RETURNS OF INCOME DUE.

Manawatu Standard, Volume LXI, Issue 143, 19 May 1941, Page 4

RETURNS OF INCOME DUE.

Returns of income are required to he 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 tho 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 jiersons 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 such income exceeds £2OO pex annum. whether the income from interest, resit, annuity, or dividends is derived trom a source within New Zealand or beyond New Zealand. Returns are loquired annually from such persons notwithstanding that by reason of the special exemptions allowable by law they may not be liable for tax. Particular attention is drawn to tho fact that all farmers must now make income-tax returns on form No. 3a, whatever the unimproved value of the land farmed. The return should bo completed and forwarded to the Commissioner of Taxes, Wellington C 3, on or before June 2. Where returns are accepted compiled to a date subsequent to the 31st March, they should bo furnished within two months of that date.