Tax audit
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
* **Under the Income Tax Act:** There is **no explicit prohibition** in the Income Tax Act against a Chartered Accountant (CA) conducting a tax audit of their *own* accounts.
* **However, under the ICAI (Institute of Chartered Accountants of India) Code of Ethics:**
The **Code of Conduct for Chartered Accountants** generally discourages or prohibits auditors from auditing their own accounts or those where there might be a conflict of interest, to maintain independence and avoid conflict of interest.
So:
* Legally (Income Tax Act): No explicit bar.
* Professionally (ICAI Code of Ethics): It is **not allowed** for a CA to audit their own accounts to maintain professional ethics.
Hence, the **“No”** you saw is based on the **ICAI ethical guidelines**, not directly on the Income Tax Act.
Click here to login now
Similar Resolved Queries
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Form 121 & TDS deduction
- Inter corporate deposits
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Transporter Declaration form
- Regarding appeal to GSTAT
- Invoice V/S Goods receipt Note Date
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
