13 March 2008
hi.... this is ca mithlesh i just wanna to know whether an internal auditor of a company can be a signing authority in respect of various returns & documents of the company in which he is internal auditor. in fact i have been appointed as an internal auditor of a Ltd co. but as per the terms of offer the company want me to sign all the returns and records related to the company. is it possible????
13 March 2008
No according to sec 140 of income tax act income tax return only can sign by the managing director or where for any unavoidable reason such managing director is not able to sign and verify the return,or where there is no managing director, by any director.
14 March 2008
thanks to all of u. but my query was to sign various monthly returns like ER1, sales tax return, return under factory act etc. my company is ready to give me power of attorney to sign these return.
14 March 2008
thanks to all of u. but my query was to sign various monthly returns like ER1, sales tax return, return under factory act etc. my company is ready to give me power of attorney to sign these return.
14 March 2008
You can't sign the returns ER1, Sales Tax return by getting the Power of Attorney. In sales tax you need to file VAT-2 for that purpose. by getting the Power of Attorney you can represent the company but signing the return as per the Sales tax and other related act will not be valid but in practice it does and deptt accept Specially sales tax deptt.
But it is not advisable to sign the returns you can sign the letters as A/R.
14 March 2008
You can't sign the returns ER1, Sales Tax return by getting the Power of Attorney. In sales tax you need to file VAT-2 for that purpose. by getting the Power of Attorney you can represent the company but signing the return as per the Sales tax and other related act will not be valid but in practice it does and deptt accept Specially sales tax deptt.
But it is not advisable to sign the returns you can sign the letters as A/R.
CAclubindia
