Partner dispute


This query is : Resolved 

Quick Summary
A partnership is facing significant losses, leading to a dispute between partners. The firm needs to file audited accounts for the 2019/20 AY by December 31st, but the auditor is withholding the report due to the dispute. While one partner or an authorised person can file the return using a digital signature, the auditor's refusal to provide the audited report is a hurdle. The advice given is to consider changing the auditor to resolve this issue and meet the filing deadline.

29 October 2020 A partnership firm has a huge loss.Now partners quarrel.The audted accounts is to filed.The auditor files the report without an audit report.2019/20 AY
Incometax is asking the firm to file before 31 dec

The implication of non-filing

they were in real estate and the business is down
Can the managing partner who has a digital signature file the return

30 October 2020 yes one partner or authorise person can file return.

30 October 2020 but the auditor is not submitting an audited report saying the dispute is to be settled

03 November 2020 change the auditors................................................


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query