Save Rs 499. Go Ad-Free with CAclubindia Pro for 2 Full Years. Subscribe Now!

Regarding noc for tax audit

Tax queries 1090 views 1 replies

Guest

A query regarding tax audit:
A CA is appointed as tax auditor of a proprietorship concern. The letter for communication with previous auditor and for objection is sent by registered post acknowledgement due. The incoming auditor got the receipt of acknowledgement from postal dept. but no communication from previous auditor is received in writing.
My query: within how much time the incoming auditor can start work on tax audit i.e. for how many days should the auditor wait after receiving the receipt from post dept.

Replies (1)

prateek aanchalia

859 Points Posted on 27 June 2012

No, a Chartered Accountant in practice cannot accept a position as auditor previously held by another Chartered Accountant without first communicating with him in writing. It will be in violation of Clause (8) of Part I of First Schedule to the CA Act. so u require to wait for a reasonable length of time for a reply to be received from him. so u have proper avidence for reach ur post with previous auditor. so u able to start audit after (atleast 21days) few days..