Whether a Director / MD of a Private Company is eligible to have the Due Date of Filing Income Tax Return as September 30 (like a working partner of a firm, whose accounts are subjected to Tax Audit)
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28 August 2014
Unlike the income of partners in s firm, The income of director is not dependent on the profit or performance of the company. The directors mainly receive salary income or professional fees which is usually fixed.thus the due date of filing of directors return of income shall be 31st of july only.
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