Tax Audit Must Remain CA-Only Function, Say Experts in Income Tax Bill Review

Experts, reviewing the Income Tax Bill, advocate that "tax audit must remain a CA-only function." This strong recommendation from tax professionals emphasizes the specialized knowledge, ethical responsibilities, and statutory authority held by Chartered Accountants (CAs) in conducting tax audits. They argue that entrusting this function solely to CAs ensures accuracy, accountability, and the integrity of financial reporting, which is vital for maintaining public confidence in the tax system and preventing revenue leakage.