Hi,
I want to know whether a partner of a firm after signing 30 Tax audits on behalf of the firm can sign the balance in his or her individual name.
3 Replies
Swathi hebbar
(CA Final)
(257 Points)
Replied 30 August 2013
45 is the maximum limit for tax audit assignments.
ca4change
(Forgiver)
(54 Points)
Replied 30 August 2013
I know its 45. But u clnt understood my question.Mr X is a partner in AbC firm. And he signed on behalf of the firm some 30 tax audits and NOW can he sign the balance 15 in his individual capacity i.e not as a partner but and individual
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 30 August 2013
Dear IWill,
yes, the limit of 45 tax audit is for the individual, whether working in a partnership firm or in his individual capacity.... and thus, yes, he can sign on remaining 15 tax audits on his individual name (not as partner).
Best Regards,
CA Lovely Arora
ca.lovelyarora @ gmail.com
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