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Q. > Please Help: INTERNAL AUDIT BY NON CA
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350 views • Question added Jun 11, 2018 • Audit • By KAUSHAL MITTAL , Siliguri


Can an internal audit be carried out by a CA final student in his individual capacity?? if yes, will the remuneration received by him shall be liable for deduction of TDS U/s 194J. Kindly Suggest.

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swamy karlapudi

11-Jun-2018 , 09:34:37 pm

Yes, liable for TDS deduction.

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YUGENDRA NAGPURE

22-Jun-2018 , 06:14:50 pm

I do agree with Swami, but still it is very ambigious and a matter of doubt?. Practically companies resorting to internal auditing do prefer qualified ones,but again it is completely managements decretion.No Statue has given any clarification on the same.

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Pratyush Agrawal

27-Nov-2018 , 01:23:37 pm

As per section 138 of Companies Act, 2013 " A company may appoint an internal auditor who is a CA or cost accountant or any other professional as decided by board". Further, payment made to internal auditor is liable for TDS deduction under relevant section.

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