Who shall verify an Income Tax Return?

Who shall verify an Income Tax Return?

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Who shall verify an Income Tax Return?

As per Section 140 of the Income Tax Act, 1961 the return of the income shall be verified /Signed as follows:

  1. For Individuals

 By individuals himself

 Where individual is absent from India, any person duly authorised by him.

 In case  individual is mentally incapacitated, the legal guardian or any person

competent to act on his behalf shall sign the return.

 Any other reason the individual is not able to sign the return, person duly authorized by him

shall sign it.

  1. For partnership Firm

 By any managing partner.

 If the managing partner is not available due to unavoidable circumstance then any partner of firm

not being the minor.

  1. For Limited Liability Partnership

 By designated partner

 If the designated partner is not available due to unavoidable circumstance then any partner of

firm not being the minor.

  1. For HUFs

 By the Karta

 If karta is absent from India then any adult member of HUF.

  1. For Company

 By the Managing Director

 If the Managing Director is not available due to unavoidable circumstance then any director of the

Company.

 In case of the company who is non-resident any person authorised by it in India shall sign the return.

 In case the company which is wound up the liquidator shall sign.

 The company the management of which is taken by the Government the Principal Officer shall.

sign the return.

  1. For political parties

 Chief Executive Officer (CEO) of the party.

  1. For Local Authority

 Principal Officer

  1. In case of AOP/ BOI

 Any member or

 Principal Officer

  1. Any other person

 The person himself or

 Any other authorized person.

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