What are the Features of September-2011 for Accounts, Taxation & Others?

(Finalization of Balance Sheet)

For Companies:

• Due date for Income Tax E-Filing is 30/09/2011. Digital signature is mandatory
  

For Partnership Firms/ Proprietorships & others ( Tax Audit cases) :

• Tax Audit for assessee having turnover exceeding Rs 60 Lakhs ( Rs 15 Lakhs in case of specified professions ) Balance sheet for the year ended on 31/03/2011 is to be Finalized and audited on or before 30/9/2011
  
• E -filing of Income tax is mandatory now for individuals/ Proprietorship firm & Partnership firms having tax audit. Digital signature is also mandatory now for all assessee having tax audit u/s 44 AB
  
• Due date for Income Tax E-filing is 30/9/2011
  

For TDS (Tax Deducted at Sournce):

• Quarter 2nd Should be prepared.
  
• Q2 should be submit through e-filing & others.
  

Posted in: Annual Income Tax Return