Audit
This query is : Resolved
12 October 2013
who can do an audit of c.a. firm???
12 October 2013
Only a charrtered accountant as per CA Act,1949 in practice can do audit of ca firm.
12 October 2013
A chartered accountant in practise who is eligible to appointed as tax auditor
12 October 2013
There is no statutory requirement for audit of a partnership firm.
A CA firm is required to appoint a tax auditor only if under 44AB is applicable.
Section 44AB use the word "accountant" which, though not defined in the Act as such, finds reference in Form 3CA/3CB as "Chartered accountant within the meaning of the Chartered Accountants Act, 1949 (38 of 1949)"
However, form 3CA/3CB also allow audit by:
(i) any person who, in relation to any State, is, by virtue of the provisions of sub-section (2) of section 226 of the
Companies Act, 1956 (1 of 1956), entitled to be appointed to act as an auditor of companies registered in that State; or
(ii) any person who is, by virtue of any other law, entitled to audit the accounts of the assessee for the relevant previous
year.
A CA firm is required to appoint a tax auditor only if under 44AB is applicable.
Section 44AB use the word "accountant" which, though not defined in the Act as such, finds reference in Form 3CA/3CB as "Chartered accountant within the meaning of the Chartered Accountants Act, 1949 (38 of 1949)"
However, form 3CA/3CB also allow audit by:
(i) any person who, in relation to any State, is, by virtue of the provisions of sub-section (2) of section 226 of the
Companies Act, 1956 (1 of 1956), entitled to be appointed to act as an auditor of companies registered in that State; or
(ii) any person who is, by virtue of any other law, entitled to audit the accounts of the assessee for the relevant previous
year.
13 October 2013
The word "Accountant" has been defined under sec 288(2)(b)of income tax act,1961 which means Chartered Accountant as defined under Chartered Accountants Act ,1949.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- GST Rate for Catering Services
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- ITR 4 and Bank transactions
- FCRA 6 E- Intimation
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
