INTEGRATED HITECH LIMITED
ANNUAL REPORT 2010-2011
MANAGEMENT DISCUSSION AND ANALYSIS
FINANCIAL RESULTS: Rs.in lakhs
Year ended Year ended
Income from operations 26.12 22.36
Other Income 1.10 0.72
Profit before Tax 2.97 0.94
Profit after Tax 2.97 0.94
Balance carried to Balance-Sheet 2.97 0.94
RESERVES & SURPLUS:
The Reserves and Surplus stands at Rs.79.58 lakhs as on 31/03/2011 as
against Rs.76.61 lakhs as on 31/03/2010
ETDS: Your company is providing the software and services for major
companies and Banks for electronically filing their TDS returns. There was
good response for filing the eTDS returns as on 31st March 2011.
Efiling of IT Returns:
The Government of India, Directorate of Income Tax have made it mandatory
for corporate bodies to file their Income Tax returns only in electronic
mode and optional for individuals. The first e-Return of Income Tax was
filed through your Company under the electronic furnishing of e-Returns in
2004. Your company has developed e-filing software such as ITR1,2,3 as
prescribed by Income tax Department AND developing new software for Tax as
per DIRECT TAX CODE.
Your Company is involved in the development of various software and
services for efiling of Corporate Statutory Tax Returns and have chalked
plans to be a major player in the Corporate eReturn filing.
MANAGEMENT DISCUSSION & ANALYSIS REPORT
Your Company is in development and service of various tax compliance
software such as e-filing of Income Tax Returns Software for individuals
and corporate bodies and and e-filing of Tax Deducted at Source (e-TDS)
software for corporates. Your Company have plans for associating with other
large corporates/Banks to successfully implement the e-filing of Income Tax
Returns and e-TDS Returns and plans to become the major player in the e-
filing of I.T.Returns and e-TDS Returns for Income Tax.
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