Hi,
I want to know whether a partner of a firm after signing 30 Tax audits on behalf of the firm can sign the balance in his or her individual name.
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Audit u/s.44ab limitation
Replies (3)
45 is the maximum limit for tax audit assignments.
I know its 45. But u clnt understood my question.Mr X is a partner in AbC firm. And he signed on behalf of the firm some 30 tax audits and NOW can he sign the balance 15 in his individual capacity i.e not as a partner but and individual
Dear IWill,
yes, the limit of 45 tax audit is for the individual, whether working in a partnership firm or in his individual capacity.... and thus, yes, he can sign on remaining 15 tax audits on his individual name (not as partner).
Best Regards,
CA Lovely Arora
ca.lovelyarora @ gmail.com
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