Vijay Kumar
(Querist) 28 September 2010
This query is : Resolved
I need to know, whether the partner of a firm has to mandatorily e file his individual return, if such firm is under audit u/s 44AB.
ESTHERPRIYA
(Expert) 28 September 2010
Is your company is LLP or registered partnership firm Kindly calrify it. The compulsory audit of accounts depends upon the income of your partnership firm.
A V Vishal
(Expert) 28 September 2010
Not required unless he has other individual income assessable under s.44AB of the Income Tax Act.
s.subramanian
(Expert) 28 September 2010
I agree with Mr.Vishal.
Sachin Bhatia
(Expert) 29 September 2010
I also agree with Mr.Vishal
B.Chakrapani Warrier
(Expert) 29 September 2010
Rule 12 of the Income tax rules ,1962 does not say that a partner of a partnership firm ,subjected to tax audit under section 44AB of the Income tax Act,1961, has to file his/her return electronically.
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