Section 119: Return in respect of a trust or a resident société

119. Return in respect of a trust or a resident société (1) Where, in an income year, the trustee of a trust, other than a trust to which section 46 (3) applies, has distributed to its beneficiaries under the terms of the trust deed any amount out of income of the trust, the trustee shall submit to the Director-General, not later than 30 September following that income year, a return in such manner and in such form as the DirectorGeneral may approve, specifying— (a) the full name of the beneficiaries and the amount distributed to each of them; and (b) such other particulars as the Director-General may require. (c) — I5 – 71 [Issue 7] Income Tax Act (2) Notwithstanding section 47, every société commerciale or any other resident société deriving income falling under section 10 shall submit to the Director-General, not later than 30 September following an income year, a return in such manner and in such form as the Director-General may approve, specifying— (a) all income derived by it during the preceding income year; and (b) such other particulars as the Director-General may require. [S. 119 amended by s. 7 (l) of Act 13 of 1996 w.e.f. 1 July 1996; s. 72 (d) of Act 14 of 2001 w.e.f. 1 December 2001; s. 18 (zp) of Act 15 of 2006 w.e.f. 1 July 2007 in respect of the year of assessment commencing 1 July 2007 and in respect of every subsequent year of assessment; s. 17 (x) of Act 17 of 2007 w.e.f. 22 August 2007; s. 21 (o) of Act 14 of 2009 w.e.f. 1 January 2010; s. 9 (t) of Act 10 of 2010 w.e.f 1 January 2011; s. 12 (p) of Act 26 of 2012 w.e.f.1 January 2013 in respect of the year of assessment commencing on 1 January 2013 and in respect of every subsequent year of assessment; s. 24 (x) of Act 9 of 2015 w.e.f. 1 July 2015 in respect of the year of assessment commencing on 1 July 2015 and in respect of every subsequent year of assessment.]