Who is authorized to verify return of income in case of the following assessees: i. Local authority ii. Firm, having no managing partner iii.…
CA Intermediate · Taxation · MTP · May 2025
Who is authorized to verify return of income in case of the following assessees: i. Local authority ii. Firm, having no managing partner iii. Foreign Company iv. HUF where the karta is absent from India
Suggested Answer and Working Notes:
Assessee Authorised person to verify return of income (i) Local authority The principal officer (ii) Firm, having no managing partner Any partner of the firm, not being a minor (iii) Foreign Company The managing director of the company (or)a person who holds a valid power of attorney from such company to do so (such power of attorney should be attached to the return) (iv) HUF where the karta is absent from India Any other adult member of the HUF
Topics: Paper 3A: Income Tax Laws
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