State the person by whom the Return of income to be furnished under section 139 of the Income Tax Act, 1961 has to be signed, in the case of the following persons, as per section 140: (i) When an individual is unable to
CS Executive · Tax Laws and Practice · PYQS · June 2024
State the person by whom the Return of income to be furnished under section 139 of the Income Tax Act, 1961 has to be signed, in the case of the following persons, as per section 140: (i) When an individual is unable to verify due to ill health; (ii) In case of HUF, when the karta is unable to verify; (iii) Scientific research association; (iv) Limited liability partnership; (v) Political party.
Answer & Explanation:
Verification of Return of Income 'ROI' S. No. Type of person To be verified by (i) When an individual is unable to verify due to ill health By any person duly authorized by the individual in this behalf. (ii) In the case an HUF, when the karta is unable to verify By any other adult member of the family. (iii) Scientific research association Any member of the association or the Principal Officer thereof. (iv) Limited liability partnership Designated partner (v) Political party by the chief executive officer of such party (whether such chief executive officer is known as secretary or by any other designation)
Topics: Income Tax
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