| Following Announcement has been made by the ICAI on its web site regarding CA Examination to be held in the month of May 2009: Since the Elections to the Lok Sabha and Legislative Assemblies of some States are likely to be held in the months April and May, 2009, it has been decided to hold the next Chartered Accountants PE-II, PCE, Final (Old and New course), IRM, MAC (Part I), TMC (Part I), CMC (Part I), ITL & WTO Examinations tentatively from 1st to 15th June, 2009 instead of May, 2009. Similarly, the next Common Proficiency Test (CPT) in paper-pencil mode is likely to be held tentatively on Sunday, the 28th June, 2009. The detailed Examination Notification containing the exact date schedule for the various examinations and the examination Centres will be issued shortly and hosted on the Institute's website. |
| |
Showing posts with label ICAI Announcements. Show all posts
Showing posts with label ICAI Announcements. Show all posts
Tuesday, February 3, 2009
Important Announcement from ICAI
Saturday, January 3, 2009
Internal auditor cannot be appointed as Tax auditor
ICAI vide announcement dated 12 December 2008 has clarified that the internal auditor, whether working with the organisation or independently practising as a Chartered Accountant or a firm of Chartered Accountants, cannot be appointed as the tax auditor of an assessee for the purposes of tax audit under section 44AB of Income Tax Act, 1961.
Here is the relevant text of the ICAI announcement:-
"The Council in its 281st meeting held from 3rd October, 2008 to 5th October 2008 at New Delhi considered an issue arising from the Guidance Note on Tax audit under section 44AB of the Income-tax Act,1961 as to "Whether the internal auditor of an assessee, being an individual chartered accountant or a firm of chartered accountants can be appointed as his tax auditor".
The Council decided that an internal auditor of an assessee, whether working with the organisation or independently practising chartered accountant or a firm of chartered accountants, cannot be appointed as his tax auditor "
Here is the relevant text of the ICAI announcement:-
"The Council in its 281st meeting held from 3rd October, 2008 to 5th October 2008 at New Delhi considered an issue arising from the Guidance Note on Tax audit under section 44AB of the Income-tax Act,1961 as to "Whether the internal auditor of an assessee, being an individual chartered accountant or a firm of chartered accountants can be appointed as his tax auditor".
The Council decided that an internal auditor of an assessee, whether working with the organisation or independently practising chartered accountant or a firm of chartered accountants, cannot be appointed as his tax auditor "
Subscribe to:
Comments (Atom)