Dharmesh Gaurdharmesh gaur asked 2 years ago

HELLO SIR,
As you said in class Annexure form 3CD is prepared by client and reporting on the same is made by auditor in form 3CA or 3CB but PM answer in each and every question says that A tax auditor is required to report under this clause of form 3CD which requires him to mention such thing
or Part A of form 3CD generally requires the auditor to give the factual details of the assessee. with respect to such things it seems that Form 3CD is also prepared by thae auditor. 
sir please clear this doubt

5 Answers
RaviRavi Staff answered 2 years ago

Yes 
Why will auditor work without remuneration ?
Why will hevputbis time money and resources ?
It is just like any other service CA gives, he will definately get paid for it.

SIMULATIONS GROUPSIMULATIONS GROUP answered 2 years ago

What, if auditor is a friend of company’s director and don’t want to charge fee, is it  sustainable in the eyes of law ?
Like: many Auditors, Audit the Trust without fee. how it is possible without fee ? 

RaviRavi Staff answered 2 years ago

Ok, I thought you are asking why remuneration is paid. If some one wants to work for free is good thing, everyone will accept it. He can take token money Re 1 and do it.
But if you are connected with the entity it can affect independence and opinion  so better avoid such assignments. 
ButI know practically people won’t leave such opportunity.

Auditaudit Staff answered 2 years ago

Sir can the auditor do it for free? rs. 0?

RaviRavi Staff answered 2 years ago

it is better to charge something so that it is not called contract without consideration

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