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Statutory auditors

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Abhishek Selvam O

258 Points Posted on 13 April 2020

If abc private limited appoints bcd as statutory auditors will they also qualify to be tax auditors and file form 3ca and 3cd.And as on 30.9.2020 what all are should they file

Replies (7)

Quick Summary

This discussion clarifies whether a company's statutory auditor can also serve as its tax auditor. The consensus is yes, they can perform both roles, though they cannot be an internal auditor. It's also noted that appointing the same firm for both statutory and tax audits can be cost-effective and efficient. The conversation touches upon the necessary filings, such as the Tax Audit Report (Form 3CA/3CD) and ITR 6, and the process of obtaining a No Objection Certificate (NOC) from a previous auditor.

Uday

Article Assistant

215 Points Posted on 13 April 2020

Yes they can be tax auditors also but they can't be internal Auditor

Abhishek Selvam O

258 Points Posted on 13 April 2020

So he has to file tax audit report?

should we appoint separate statutory auditor and tax auditor?

Uday

Article Assistant

215 Points Posted on 14 April 2020

Company can appoint Tax Auditor and Statutory Auditor separately or same person. Its company's wish. Genarally its cost viable for company and it will take less time for statutory auditor to complete tax audit

Abhishek Selvam O

258 Points Posted on 14 April 2020

If tax auditor is appointed separately then what all are should he file on 30.9.2020 tax audit report and itr 6 thats it or anything else should he file.

Uday

Article Assistant

215 Points Posted on 14 April 2020

Tax Audit Report in Form 3CA 3CD is enough. ITR 6 should be filed by Company. But Tax auditor newly appointed has to obtain NOC from previous tax auditor before accepting audit.