auditors diary

BJP, Congress differ over tax audit roles in Income Tax Bill; FM assures review by select committee

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BJP, Congress differ over tax audit roles in Income Tax Bill; FM assures review by select committee - ETCFO

In a key meeting with Finance Minister Nirmala Sitharaman this week, Chartered Accountant (CA) Nitin Bansal, the State President of the Bharatiya Janata Party (BJP) CA Cell in Haryana, strongly urged the government to maintain the exclusive role of Chartered Accountants in conducting tax audits under the proposed Income Tax Bill, 2025. After the meeting, … Read more

Chartered accountants oppose proposal to allow cost accountants, company secretaries to conduct tax audits

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Chartered accountants oppose proposal to allow cost accountants, company secretaries to conduct tax audits - ETCFO

The debate surrounding the eligibility of professionals from the Institute of Cost Accountants of India (ICMAI) and the Institute of Company Secretaries of India (ICSI) to conduct tax audits has intensified following a demand made by the Institute of Cost Accountants to Finance Minister Nirmala Sitharaman. The demand seeks to expand the scope of tax … Read more