Whether A Statutory Auditor is Liable to do the Tax Audit? | Can Statutory Auditor do Tax Audit?

Is it necessary to appoint Statutory Auditors as Tax Auditors?
Can Statutory Auditor do Tax Audit? - Whether A Statutory Auditor is Liable to do the Tax Audit? discussed by CA. (IP) Vivek Khurana.

Section 44AB of the Income Tax Act:-
Every Person covered u/s 44AB (a) / (b) / (c) / (d) / (e) shall get his accounts of such previous year audited by an accountant before the specified date and furnish by that date the report of such audit in the prescribed form duly signed and verified by such accountant and setting forth such particulars as may be prescribed :
Explanation to Sec. 44AB :- (i) “accountant" shall have the same meaning as in the Explanation below sub-section (2) of section 288

Explanation to Section 288(2) of Income Tax Act:-
Explanation.—In this section, "accountant" means a chartered accountant as defined in clause (b) of sub-section (1) of section 2 of the Chartered Accountants Act, 1949 (38 of 1949), who holds a valid certificate of practice under sub-section (1) of section 6 of that Act, but does not include [except for the purposes of representing the assessee under sub-section (1)]

ICAI Guidance Note on Tax Audit:-

Section 44AB stipulates that only Chartered Accountants should perform the tax audit.

This section does not stipulate that only the statutory auditor appointed under the Companies Act or other similar Statute should perform the tax audit.

As such the tax audit can be conducted either by the statutory auditor or by any other chartered accountant in full time practice.

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