This discussion explores whether partners in a firm, which is undergoing a voluntary audit under Section 44AB due to a turnover of Rs. 90 lac, can still file their individual income tax returns (ITR) without a personal audit. The query seeks clarification on potential penalties and the applicability of audit requirements for partners after a specific date.
08 January 2021
Sir, one of my client is a partner in partnership firm turnover Rs. 90 lac and wish to go for voluntary audit us 44AB. can partner file own personal ITR without audit and penality after 10-01-2021 please..................... before last date........... regards