Signatory rule for limited liability partnerships: designated partner must sign tax returns, or any partner may sign if unavailable. An amendment inserts clause (cd) into section 140 prescribing that for a limited liability partnership the designated partner shall sign and verify the ... Summary
Signatory rule for limited liability partnerships: designated partner must sign tax returns, or any partner may sign if unavailable.
An amendment inserts clause (cd) into section 140 prescribing that for a limited liability partnership the designated partner shall sign and verify the income-tax return, and where the designated partner is unable to sign for unavoidable reasons or where no designated partner exists, any partner may sign and verify the return.
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