Mr. X a practicing CA is a tax auditor of ABC Ltd. and has taken a loan of Rs. 11,000 from the Company. Whether it amount to misconduct or not?

2 answers

Ravi Staff October 6, 2017

disqualification of statutory and tax auditor for “company” are same
indebtedness of 5,00,000 is allowed so it is absolutely fine
if it would have been other than company then such tax auditor would have been disqualifed

#1
Ravi Staff October 6, 2017

disqualification is not equal to professional misconduct 

#2

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