Tax audit

undoubtedly

NO.

Tax audit is based on the income of an Assesse. 

Further, 

Partners even if they get a salary of more than Rs.40 lac/Rs.60 lac,I PERSONALLY THINK  they won't be covered under Tax Audit Liability.

Partner is different from Firm, Both are having Separate status as per IT act . As per IT Act if the firm is under 44AB Audit the due date of Filling return for the Partners is also 30 th Sep of the Asst Year irrespect of his Individulal income. That is not meen that the Partners also personally under 44AB Audit . It will based on his income only

u are Right  ganapathy

Firm and Individual are different person. if firm is under tax audit it doesn't mean that even the partners are under it.

Hi,

I agree with Radhekrishna. The partners income is deriving from a firm which is already under purview of tax Audit. Where as for the same line item Tax Audit need not require i mean.

And as per the tax audit due date is 30th Sep. Firm has to file the returns with tax audit report on due date,where as partners are not liable for same.

Though Remuneration of partners is liable under business income, it does not cover under purview of Tax Audit

Originally posted by : V.Ganapathy Subramanian Partner is different from Firm, Both are having Separate status as per IT act . As per IT Act if the firm is under 44AB Audit the due date of Filling return for the Partners is also 30 th Sep of the Asst Year irrespect of his Individulal income. That is not meen that the Partners also personally under 44AB Audit . It will based on his income only

So partners should file the return on 30th sep right