The Lok Sabha Select Committee during the Monsoon session dtd 21st July 2025 emphasized that Chartered Accountants are uniquely qualified to conduct tax audits, with reference to global best practices and legal precedents.

Section 44AB mandates that only CAs with a valid COP can perform tax audits ensuring audit quality and financial discipline.

TAX CONCEPT

Tax Concept is a dedicated team of financial writers, legal analysts, and tax professionals committed to breaking down complex Indian corporate updates. From real-time GST amendments and crucial Income Tax judgements to EPFO schemes and corporate law updates, TaxConcept serves as a reliable, authoritative guide for chartered accountants, businesses, and everyday taxpayers seeking absolute compliance clarity.