Friends, Earlier, digital signature was mandatory for companies only, but now w.e.f. 01.07.2011, digital signature certificate is also mandatory for all Firms and Individuals whose accounts are required to be audited u/s 44AB of the Income Tax Act 1961 vide notification no. S.O. 149(E) dated 1st July, 2011 which can be read as below :-
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
[CENTRAL BOARD OF DIRECT TAXES]
New Delhi, the 1st July, 2011
S.O.1497(E).- In exercise of the powers conferred by section 295 read with section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-
1. (1) These rules may be called the Income-tax (Sixth Amendment) Rules, 2011.
(2) They shall come into force from the date of its publication in the Official Gazette.
2. In the Income-tax Rules, 1962, in rule 12, in sub-rule (3), in the proviso, for clauses (a) and (aa) the following clause shall be substituted, namely: –
“ (a) a firm required to furnish the return in Form ITR-5 or an individual or Hindu Undivided Family (HUF) required to furnish the return in Form ITR-4 and to whom provisions of Section 44AB are applicable, shall furnish the return for Assessment year 2011-12 and subsequent Assessment Years in the manner specified in clause (ii);”
[Notification No.37/2011/ F.No.149/68/2011- SO (TPL)]
Under Secretary to the Government of India
Note.- The principal rules were published in the Gazette of India, Extraordinary Part-II, Section 3, Sub-section (ii), vide number.S.O.969(E), dated the 26th March, 1962 and last amended by Income-tax (Fifth Amendment) Rules, 2011 vide number S.O. 1214(E) dated 26.05.2011.