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Tax return

Agam Bhasin (B.Com (Hons) CA Final) (114 Points)

09 July 2014

Dear Members i Hv a doubt that what is the due date for filing return for a partner who is not covered under 44AB but the firm in which he is a partner is covered under audit..if the due date is 31st july for the partner then what is the remedy if the firm's audit is not completed till that date & partners remuneration is not calculated which is to be shown in the partners return

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CA Anoop Tiwari (Practicing Chartered Accountant) (135 Points)
Replied 09 July 2014

(6) ‘Due date’ means -

(a) 30th September of the assessment year, where the assessee, other than an assessee referred to in clause (aa), is -

(i) a company,

(ii) a person (other than a company) whose accounts are required to be audited under the Income-tax Act, 1961 or any other law in force; or

(iii) a working partner of a firm whose accounts are required to be audited under the Income-tax Act, 1961 or any other law for the time being in force.