tax audit elegebility
This query is : Resolved
08 September 2010
is a ca is eligible to do tax audit of his father's business...
wat if he has been paid salary for few months before becoming ca in that financial year???????????
wat if he has been paid salary for few months before becoming ca in that financial year???????????
Aditya Maheshwari
(Expert)
08 September 2010
It should not be done due to independence of the auditor comes under question while preparing the report.
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mohinder kansal
(Expert)
08 September 2010
It is not illegal to conduct the tax audit of father's business and not prohibited, but relation should be disclosed in report.
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08 September 2010
wat if he has been paid salary for few months before becoming ca in that financial year???????????
Aditya Maheshwari
(Expert)
08 September 2010
report the same in 40A(2)(b) in tax audit.
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