Taxation

• Business individuals and AOPs
  


• Companies where accounts are closed on 30-12-2008
  


• Salaried individuals having income other than salary
  


• Employees claiming refund
  


• Those who availed investment tax scheme 2008
  


• Owners of immovable property (with land area of 250 sq. yards or more) or owner of a flat in specified areas
  


• Non-corporate cases with property income
  


• Non-corporate taxpayers having business income and having income falling under PTR

E-Filing of Income Tax Returns

Compulsory for

• Corporate
  


• Taxpayers registered for Sales Tax
  


• Association of Persons - AOPs
  


• Salaried individuals having income of Rs.500,000/-
  


• Claimant of refunds
  


• Optional for other non-corporate Taxpayers
  

Last Date for Filing of IT Returns

• Individuals, AOPs (IT-2) = 20th October 2009
  


• Companies where accounts closed on 31-12-2008 (IT-1) = 20th October 2009
  


• Companies where accounts closed on 30-06-2009 (IT-1) = 31th December 2009
  

Remember: Filing of Wealth Statement along with the returns is mandatory in case of individuals with income of Rs.500,000/- or more.