Due date for furnishing of tax audit reports by working partners of firms for the asessment year 1993-94 - S.O.1986 - Income Tax

Due date for furnishing of tax audit reports by working partners of firms for the asessment year 1993-94 NOTIFICATION NO. S.O.1986 DATED 26-8-1993 In exercise of the powers conferred under clause ( a ) of sub-section (2) of section 119 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the due date for the purposes of Explanation under sub-section (1) of section 139 as 31st October, 1993, in respect of the following class of assessees for the assessment year 1993-94 : CLASS OF ASSESSEES The working partners as defined in Explanation (4) under sub-clause ( v ) of clause ( b ) of section 40 of the Income-tax Act, 1961, in firms which are required to get their accounts audited in respect of the previous year ended 31-3-1993 relevant to the assessment year 1993-94 in accordance with the provisions of section 44AB of the Income-tax Act, 1961, provided that such working partners are entitled to receive remuneration for the previous year ended 31-3-1993 from such firms, as authorised by or in accordance with the terms of the partnership deed and the said remuneration is payable as a proportion of the book profits as defined in Explanation (3) of sub-clause ( v ) of clause ( b ) of section 40 of the Income-tax Act, 1961. [Notification No. 9358/F. No. 220/6/93-ITA.II]