Due date of income tax return a.y.-18-19
This query is : Resolved
12 June 2018
Respected Sir
if in our co. total 3 partner but 1 partner has we have not given remuneration and we have liable to to audit so please told what is a due date ??????
please do needful .
if in our co. total 3 partner but 1 partner has we have not given remuneration and we have liable to to audit so please told what is a due date ??????
please do needful .
12 June 2018
since firm is tax auditable, partners due date is that of firm's, irrespective of whether remuneration is given or not
12 June 2018
ok thank you sir
can u please tell me what is definition of Working Partner .
can u please tell me what is definition of Working Partner .
13 June 2018
Due date of partner with out remuneration is 31-07-2018 and for working partner
with remuneration it is 30-9-2018.
Inference - explanation 2 (a)(iii) of 139(1).
with remuneration it is 30-9-2018.
Inference - explanation 2 (a)(iii) of 139(1).
13 June 2018
Explanation 2 (a) (iii) of section 139(1) : A working partner of a firm whose accounts are required to be audited under this Act or under any other law for the time being in force, the 30th day of September of the assessment year.
Please note that REMUNERATION is NOT the decisive factor as to decide whether or not the partner is "working" or "sleeping" The working partner means the partner who is ACTIVELY engaged in the affairs of the business of the firm
Please note that REMUNERATION is NOT the decisive factor as to decide whether or not the partner is "working" or "sleeping" The working partner means the partner who is ACTIVELY engaged in the affairs of the business of the firm
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