We are a firm consisting of three partners. Each partner is looking after different area of work say one is lookng after company audit, one after tax audit and other into income tax matter. Audit assignments which a firm can take up under section 44AB is restricted to 45 per partner. Now my query is if a single partner who is looking after tax audit can sign all the tax audit reports or all the partners will have to sign 45 audits each.
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Audit u/s44ab
Replies (2)
Dear Vijay sir,
one partner can sign maximum 45 tax audits, not exceeding that limit... so if it is exceeding that limit, all partners needs to sign 45 tax audits each...
Best Regards,
CA Lovely Arora
ca.lovelyarora @ gmail.com
No..... 1 partner can sign all audits..... All 135 audits can b signed by 1 partner
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