The Council in its 281st meeting held from 3rd October, 2008 to 5th October 2008 at New Delhi considered an issue arising from the Guidance Note on Tax audit under section 44AB of the Income-tax Act,1961 as to "Whether the internal auditor of an assessee, being an individual chartered accountant or a firm of chartered accountants can be appointed as his tax auditor".
The Council decided that an internal auditor of an assessee, whether working with the organisation or independently practising chartered accountant or a firm of chartered accountants, cannot be appointed as his tax auditor
Internal Auditor cannot be appointed as a Tax Auditor
Last updated: 12 December 2008
Follow on
Google News
News posted by
CCI News Desk
Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.
Comments
Recent News :
- RBI Issues Credit Derivatives Master Direction 2026
- CBDT Notifies University of Hyderabad and PHFI as Approved Scientific Research Institutions Under Income Tax Act, 2025
- MCA Releases Corporate Mitra Scheme Guidelines 2026
- ICAI, ICSI, ICMAI & IIT Madras Join MCA's Corporate Mitra Scheme for MSME Growth
- Income Tax Department Enables Online Challan Correction Facility
- RBI Withdraws Obsolete FEMA Circulars to Simplify Foreign Exchange Regulatory Framework
- RBI Issues TReDS Directions 2026, Simplifies Framework for MSME Financing
- ICSI Urges Members to Update Contact Details Ahead of Election Process
- Finance Ministry Notifies Jan Vishwas Act Amendments for RBI, LIC, Insurance and PFRDA Laws from 23rd June 2026
- ICAI President Calls Yoga a Blueprint for Balanced Professional Life on Yoga Day 2026
Popular News
- MCA Releases Corporate Mitra Scheme Guidelines 2026
- GSTN Issues Advisory on e-Invoice API and e-Way Bill by IRN API Changes Effective from 1st August 2026
- MCA Extends DPT-3 Filing Due Date: No Additional Fees Till 31st July 2026
- RBI Streamlines Payment System Regulations with Comprehensive Master Directions
- Income Tax Act 2025: Key FAQs on Proposed Tax Exemption for FIIs Investing in G-Secs
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
