Tax audit of relatives
This query is : Resolved
02 September 2011
Can one carry out the tax audit of relatives or a company where relatives hold substantial interest?
08 September 2011
Income tax act does not prohibits, but ICAI prohibits if the auditor does not disclose his interest in the report,,
Refer page 15.8 point number 7 at below link
http://www.icai.org/resource_file/19371sm_aape_finalnew_cp15.pdf
Refer page 15.8 point number 7 at below link
http://www.icai.org/resource_file/19371sm_aape_finalnew_cp15.pdf
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