E filing
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.
Please reply soon, !its urgent...!
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.
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.