Dear sir/madam

This query is : Resolved 

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.

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.


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.

04 April 2013 KumarJi

I mean the hear say may be wrong understanding about 'stock audit' assignment and not appointment of 'tax audit'.


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