Digital signature
Querist : Anonymous
For full insight, pl refer CBDT notification 37/2011 and post amended rule 12 (3) of the Income tax Rules,1962.
With all the respect to Mr. B.Chakrapani warrior, the notification mentioned by him is applicable on all the assessees on whom 44AB is applicable.
And 44AB (c) makes the section applicable on all the persons who are not following 44AD.
So i think that as 44AB is applicable on them so they have to digitally sign their returns.
44AB audit is applicable u/s 44AD(5). But DSC applies only to whom provisions (Rs. 60/- lakhs etc) of section 44AB are satisfied. Presumptive tax assessees doesn't satisfy those conditions. Hence DSC is not applicable to them. Pl once again see the wordings in post amended rule 12 (3) of the IT Rules,1962.
1. I am a sir and not a madam.
2. the amended rules talks about section 44AB and not 44AB (a).
So it includes 44AB (a)(b)(c)(d) and because 44AB (c) talks about presumptive taxations non satisfying persons so they are automatically included in 44AB and thus they have to file using digital signs.
But these rules are applicable on 44AB as a whole and since 44AB (c) is about those persons who are declaring less profits then presumptive sections so they are included in the amended rule 12 (3).
2) I read the sections and rules once again, DSC is required. Thanks for correcting me.
Querist : Anonymous
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