Dear sir/madam
This query is : Resolved
Praveenveldhi
(Querist)
03 April 2013
Whether practicing cost accountants have the authority to sign on tax audit. i heard that a cost accountant can make tax audit of a company or firm which having turnover up to 10crores.
Whether practicing cost accountants have the authority to sign on tax audit. i heard that a cost accountant can make tax audit of a company or firm which having turnover up to 10crores.
03 April 2013
No. only CA's can perform tax audit under Income tax act.
There is no enabling clause for Cost accountants irrespective of turnover.
There is no enabling clause for Cost accountants irrespective of turnover.
03 April 2013
NABARD has decided to appoint 'cost accountants' to do 'stock audit'.
03 April 2013
Dear warrierji,
He is asking about tax audit.
He is asking about tax audit.
04 April 2013
KumarJi
I mean the hear say may be wrong understanding about 'stock audit' assignment and not appointment of 'tax audit'.
I mean the hear say may be wrong understanding about 'stock audit' assignment and not appointment of 'tax audit'.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Accounting treatment of AMC alongwith the purchase of Laptop
- Capital Gail Exemption Certificate
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
