Tax auditor related party
This query is : Resolved
29 January 2025
Hello
As a tax auditor can I do audit of a firm in which my dadaji's bhabhi is proprietor and also a firm in which my dadaji's brother's grandson is proprietor
Please answer of both queries
As a tax auditor can I do audit of a firm in which my dadaji's bhabhi is proprietor and also a firm in which my dadaji's brother's grandson is proprietor
Please answer of both queries
30 January 2025
ideally you should not take up such assignments. But if you do, as per the ICAI guidance note, you need to disclose your interests in your audit report.
30 January 2025
He should not sign the audit report us 44AB of that firm. Being a relative, he should not accept that audit as per code of ethics of ICAI.
The above mentioned persons will not fall under relatives under income tax hence tax audit can be done for the firms.
The above mentioned persons will not fall under relatives under income tax hence tax audit can be done for the firms.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- F&O Trading
- Clubbing of spouse's income
- Section 281 of IT ACT VS BANK LOAN
- FIRST audit of Private Limited Company
- Regarding Appeal Fees
- Not reply with in time limit confirm refund
- Regarding Saving of Income tax of FY 2024-25
- Setoff query gst
- Place of supply in case of immovable property
- regarding section 234c.
Trending Online Classes
CAclubindia
