TAX AUDIT QUERY
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 September 2010
CA's are not allowed to express an opinion on fin Stmts of enterprise to which he is related as per schedule to CA Regulations Act,1949. However CA are allowed to express an opinion in Tax Audit Report of an enterprise to which he is related . Is it so because Tax Audit is not expressing an opinion on fin. statements ? Or is there seperate guidance note for Tax Audit which says that Auditor can also be related ?
22 September 2010
Pl refer "Guidance note on tax audit issued u/s 44AB of the Income tax Act,1961", an ICAI prized publication.
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