Wealth tax

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CA Priyanka A Mundada (Querist)
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15 December 2015 WHAT WILL BE THE DUE DATE FOR WEALTH TAX RETURN IN CASE OF INDIVIDUAL WHO IS PARTNER IN A FIRM AND THAT FIRM IS LIABLE TO TAX AUDIT????

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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15 December 2015 THE DUE DATE FOR INCOME TAX AND WEALTH TAX ARE THE SAME AS PRESCRIBED U/S 139(1). SO FOR THE PARTNER AND FOR THE FIRM DUE DATE WILL BE THE SAME DATE.
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CA Priyanka A Mundada

CA Priyanka A Mundada (Querist)
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16 December 2015 does it mean the due date for Wealth Tax Return will be 31 oct 15 as the firm was liable for tax audit????

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CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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16 December 2015 Yes, in that case the date prescribed for a partner is the same as that of the firm.

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