Tax auditor related party
This query is : Resolved
29 January 2025
Hello
As a tax auditor can I do audit of a firm in which my dadaji's bhabhi is proprietor and also a firm in which my dadaji's brother's grandson is proprietor
Please answer of both queries
As a tax auditor can I do audit of a firm in which my dadaji's bhabhi is proprietor and also a firm in which my dadaji's brother's grandson is proprietor
Please answer of both queries
30 January 2025
ideally you should not take up such assignments. But if you do, as per the ICAI guidance note, you need to disclose your interests in your audit report.
30 January 2025
He should not sign the audit report us 44AB of that firm. Being a relative, he should not accept that audit as per code of ethics of ICAI.
The above mentioned persons will not fall under relatives under income tax hence tax audit can be done for the firms.
The above mentioned persons will not fall under relatives under income tax hence tax audit can be done for the firms.
27 April 2025
As in this case it not comes under ther defination of relative whether I shout do it or not please give answer
27 April 2025
You can do tax audit in this case.
27 April 2025
You are welcome..
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