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.
Menu
Regarding noc for tax audit
Replies (1)
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..
Recent Topic
- Shift of Place of Business from one state to anoth
- Form 10E u/s. 89(1). Need clarification because Ex
- Long Term Capital Loss - Tata Capital unlisted sha
- Section 54F deduction - GST and Stamp Duty cost wh
- Professional Crossed 20 Laks in Dec 26 Failed to T
- F&O in ITR
- CA Final Self pace Module
- Query Regarding House Ownership Transfer Reflected
- Money transction within Family
- ITR-2 salary breakup updation
Related Topics
CAclubindia
