Can two different auditors perform tax audit and statutory audit separately for XYZ (P) Ltd. company for the same financial year?
Thanks in advance.
Awaiting reply.
Menu
Tax audit and statutory audit of a company
Replies (1)
| Originally posted by : Abhishek Gupta | ||
 |
Can two different auditors perform tax audit and statutory audit separately for XYZ (P) Ltd. company for the same financial year? Thanks in advance. Awaiting reply. |
 |
Yes.
.
Section 44AB of the Income-Tax Act, 1961, stipulates that only Chartered Accountants should perform the tax audit. This section does not stipulate that only the statutory auditor appointed under the Companies Act or other similar Statute should perform the tax audit. As such the tax audit can be conducted either by the statutory auditor or by any other chartered accountant in full time practice.
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
