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.
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
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.
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.