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Tax audit of relatives

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(Querist)
02 September 2011 Can one carry out the tax audit of relatives or a company where relatives hold substantial interest?
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Ravikant

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Ravikant (Expert)
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

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