Tax audit issue
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 July 2013
Whether CA in Practice can do audit of firm in which his Mothers brother (Mama) has ownership.
19 July 2013
yes as per sec 226 you are not disqualified and can do audit.
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 July 2013
As per Sec 226??
I am talking of Income Tax Audit u/s 44AB
I am talking of Income Tax Audit u/s 44AB
14 August 2013
Yes he can do the audit. The definition of relative has been amended to mean related person defined in AS 18.
Maternal uncle is NOT a related person as per AS 18 and accordingly a CA can audit the books of accounts of his maternal uncle.
Maternal uncle is NOT a related person as per AS 18 and accordingly a CA can audit the books of accounts of his maternal uncle.
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