CA NeWs Beta*: Income tax (I-T) department has started screening the tax audit reports filed by chartered accountants
Income tax (I-T) department has started screening the tax audit reports filed by chartered accountants
Income
tax (I-T) department has started screening the tax audit reports filed
by chartered accountants with a view to check fake membership numbers,
membership numbers which exceeded the specified number (ceiling) of tax
audit assignments etc.
Official sources said the Institute of
Chartered Accountants of India ( ICAI) had represented before Central
Board of Direct Taxes (CBDT) seeking tax audit data based on returns
e-filed during the year 2010-11. The CBDT, however, provided with the
data relating to the number of tax audits conducted by the members along
with the membership numbers of the tax auditors. As per the data
provided, the total number of tax audit returns filed in respect of the
financial year 2010-11 was 16.16 lakh which were conducted by 59,472
auditors in the country. However, the data provided was further
processed with regard to checking fake membership numbers in order to
prevent the misuse.
http://articles.timesofindia.indiatimes.com/2012-08-28/surat/33448997_1_tax-audit-income-tax-membership-numbers