Audit of partner
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 September 2015
PARTNERSHIP FIRM IS UNDER AUDIT U/S 44AB. NOW IS PARTNER OF THAT FIRM WILL BE LAIBLE TO AUDIT U/S 44AB. PLEASE GIVE ME REPLY URGENTLY
29 September 2015
Just because the partnership firm is under Tax Audit, there is no applicability of Tax Audit on partner.
29 September 2015
If remuneration exceeds the threshold limit of 44AB, partner is liable for tax audit.
Ref- USHA.A.NARAYANAN'S case decided by Kolkotta tribunal.
Ref- USHA.A.NARAYANAN'S case decided by Kolkotta tribunal.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Tax on capital gains revoked us 54f
- Refund of AY 22-23
- Should I include march foreign salary received in April in my income for FY 2023-24?
- TDR receipts for agreement holder
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Company Incorporation - CA and directors signing from different states
- Disallowance of Section 43B(h) to sez units
- Filing of Form 10BB instead of Filing Form 10B
- Sale of property furniture sale
- ITC - in 3b
- GST REFUND ON EXPORT EXPENSES OF EXEMPTED GOODS
- GSTR9 and 9c
- Ineligible ITC taken
- Vivad se vishwas scheme 2024 new
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
