Authority to File a Single Return

January 28, 1959 BIR RULING NO. 037-59 Messrs. Sycip, Gorres, Velayo & Co. Certified Public Accountant 490 San Luis, Manila Gentlemen : Reference is made to your letter dated January 27, 1959, which was referred to this Office by the Regional Director, Regional District No. 4, Quezon City, requesting in effect reconsideration of the ruling issued by said official requiring that your client, Functional Products, Inc. file a fractional income tax return covering the period from November 25, 1958 to December 31, 1958 on or before March 1, 1959. It appears, however, that said corporation has, upon proper request, been previously authorized to file its income tax return on a fiscal year basis ending on September 30 of each year. It further appears that the corporation is a newly organized one, its articles of incorporation having been registered with the Securities and Exchange Commission on November 25, 1958 only. In answer thereto, I have the honor to inform you that as the facts obtaining in the case of your said client are different from those contemplated by Section 42(a) of the Tax Code, your request is hereby granted. Accordingly, authority is granted the aforenamed corporation to file a single return covering the period from November 35, 1958 to September 30, 1959 on or before November 29, 1959. Thereafter, its return from the twelve-month period covering its operations from October 1 to September 30 of each fiscal year shall be filed within sixty (60) days after the close of such fiscal year, pursuant to Section 46(b) and (d) of the same Code, in relation to Section 169 of Revenue Regulations No. 2 (Income Tax Regulations). cdt Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue