WHAT DOES TAX AUDIT SIGNIFIES

why CA is required to do tax audit .what is his duty and respnsibility.
Is maintenance of books and checking invoices falls under his duty.
What if he does not fulfill the job carefully.

Anonymous Asked on June 7, 2017 in Taxations.
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1 Answer(s)

As per Income tax Act CA are authorised to do tax  audit. Know for a business person having turnover / excemption / deduction taking under Income Tax Act .. Its been specified to taka certificate from Accountant.  Maintenance of Books is the duty of business person and CA do a role of verification that too on test check basis.

TaxIQ Answered on June 8, 2017.
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