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Hi Friends I am MBA student can i opt for Tax Audit plz advice me friends
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Dear hmtrainee,
An MBA can assist CA in doing tax audit. It is not that an MBA cannot do tax audit work, but a Tax Audit Report is signed by CA only. An MBA is not authorised to sign tax audit report nor a tax audit report is valid if it is signed by MBA.
Regards
Dear Shaz87, High hopes... An MBA is not authorized to do tax audits... Only u can assist CA in doing tax audits...
Only Chartered Accountants are allowed to sign tax audit reports. However, an MBA can assist a CA in preparing the tax audit report.
As per Income Tax Act only Chartered Accountants are allowed to sign tax audit report. If you have knowledge regarding tax audit you can be a member of audit team. But only C.A. can sign.
In India Only qualified Chartered Accountant holding valid Certificate of Practice can only Sign Tax Audit Report.
If you are working with practicing CA then you can conduct the audit work. as said signature on audit report has to be done by CA.
CA Kintal Shah
Only CA is authorized to do the tax audit and sign the report.
Are you serious? In India Income Tax Act allows only CA’s to certify tax audits. You can carryon the Tax consultancy if you are well equiped.
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