Sec 195 of Income tax Act,1961 requires payment to non residents after obtaining a certificate from a chartered accountant regarding deduction of TDS. Should the CA signing the certificate necessarily be the statutory auditors of the company?
T S D ( ) (236 Points)
21 November 2012Sec 195 of Income tax Act,1961 requires payment to non residents after obtaining a certificate from a chartered accountant regarding deduction of TDS. Should the CA signing the certificate necessarily be the statutory auditors of the company?
CA Manish
(Job)
(5264 Points)
Replied 21 November 2012
No It is not required to be a statutory auditor.
Arihanth Jain
(Chartered Accountant)
(1226 Points)
Replied 16 December 2012
It refers CA meaning as defined u/s 288. Any practicing CA is fine.