Due date for filing of ITR - Directors of the Company

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A company director's ITR due date is generally 31 July, whether paid as an employee or based on company turnover/profit. The due date extends only if the director is subject to tax audit or is a partner/proprietor in an audited business.

Querist : Anonymous

Querist : Anonymous (Querist)

26 July 2010 Hallow sir,

This is with respect to due date for filig of ITR and Profit .

1. If the Direcor is like an employee - what is the due date

2. If the Director's payment is linked with turnover and/or Profit of the company - what is the due date

please answer for the above questions individually.

Regards

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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26 July 2010 For AY 2010-11

1. 31-7-2010
2. 30-9-2010

mohinder kansal

mohinder kansal (Expert)
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26 July 2010 in both cases the due date will be 31st July, if director is doing anyother business which required tax audit u/s 44AB the due date shall be 30th september

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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26 July 2010 Agree with Mohinder Ji in both cases the due of filing return u/s139(1) will be 31st July.
If the director is a partner in a firm which is under tax audit or is a proprietor of a firm which is under tax audit only the his due date will be 30th september.

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CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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27 July 2010 Director as an employee is to be treated as individual.
Whatever be the payment method to him, that will be treated as his personal compensation & accordingly last date of ITR will be 31st July.

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CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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27 July 2010 I thank experts Mr Kansal, Mr Jha and CMA Sanjay Gupta for rectifying my mistake.
The due date will be 31st July as they rightly told.

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