Corporation returns.
Section 46
SEC. 46. Corporation returns.—(a) Requirement. — Every corporation, subject to the lax herein imposed, except foreign corpora-lions not engaged in trade or business in the Philippines shall render, in duplicate, a true and accurate return of its annual net income in the manner and form prescribed by the Commissioner with the approval of the, Secretary of Finance, and containing such facts, data, and information ay are appropriate and in the opinion of the Commissioner necessary to determine the correctness of the net income returned and to carry out the provisions of this Title. The return shall be filed by the president, vice-president, or other principal officer, and shall be sworn to by such officer and by the treasurer or assistant treasurer. (b) When to file: The return shall be filed on or before the fifteenth flay of April of each year for the preceding calendar year, or if the corporation has designated a fiscal year, on or before the fifteenth of the fourth month following the close of such fiscal year. (c) Where to file. — The return shall be filed with the Commissioner, Regional Director, Revenue District Officer, Collection Agent, duly authorized treasurer of the municipality, or authorized agent banks in which is located the principal office of the corporation where its books of accounts and other data from which the return is prepared arc kept, or in the case of foreign corporation which has no office of any kind or agency in the Philippines, then to the Commissioner in Manila. All such returns shall as received be transmitted forthwith by the officer receiving them to the Commissioner. (d) Fiscal year of corporations. — livery corporation subject to tax, including duly registered general copartnerships, may designate the last day of any month in the year as the day of the closing of its fiscal year, and shall be entitled to have tin: la payable by it computed upon the basis of the net income ascertained as herein provided for the year ending on the day so designated in the year preceding the dale of assessment instead of upon the basis of the net income for the calendar year preceding the date of assessment: and it shall give notice of the flay it has thus designated as the closing of its fiscal year to the Commissioner of Internal Revenue at any time not less than thirty days prior to the fifteenth day of April of the year in which its return would be filed if made upon the basis of the calendar year.