CA Intermediate · Taxation · Provisions for filing Return of Income and Self Assessment
Sunrise Consultants LLP is required to furnish its return of income for tax year 2026-27. Who is the person who ordinarily verifies and signs the return on behalf of the LLP?
The designated partner verifies and signs the LLP's return. Verification by another partner is allowed only when there is no designated partner or for unavoidable reasons the designated partner cannot sign. The auditor, an employee, or the largest profit-sharing partner is not the prescribed signatory.
- AThe designated partner of the LLPCorrect
- BThe statutory auditor of the LLP
- CAny employee authorised by the LLP in writing
- DThe partner holding the largest profit share, in every case
Explanation
The return of a limited liability partnership is verified by its designated partner. A partner may sign only where, for unavoidable reasons, there is no designated partner or none can sign. An auditor or employee is not the prescribed signatory, and profit share is irrelevant.
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