Can a CS be a tax consultant?

A. No, direction given by the Council under Clause (7) of Part I of the First Schedule to the CA Act prescribes that it is improper for a chartered accountant to state on his professional documents that he is an Income-tax Consultant, Cost Accountant, Company Secretary, Cost Consultant or a Management Consultant. Q.

Can a CA be a tax consultant?

there is absolutely no problem with that. There is no specific exams or guidelines for becoming a tax consultant. However the thorough knowledge of interpreting the act and the tax laws is required. Apart from the above a better rapport with the department will make your life easy.

Who can provide tax advice?

Tax advisors can include Certified Public Accounts (CPAs), tax attorneys, enrolled agents, and some financial advisors. A tax advisor may also be known as a tax consultant.

Can a company secretary attest documents?

To strengthen the practicing side of company secretaries, ICSI has now initiated for the use of UDIN (Unique Document Identification Number) in attestation and certification of service documents by all company secretaries in practice from 1st Oct 2019 onwards.

Can a CS Do GST audit?

1. Can a company secretary can be appointed as a GST Auditor? Answer: Provisions of Section 35(5) read with Section 2(23) and section 2(35) other related provision, only chartered accountants and cost accountants can be appointed as GST Auditors. A company secretary cannot be appointed as GST auditor.

What is the role of tax consultant?

The primary role of a tax consultant or a tax advisor is to help people and organizations in paying their taxes. They hold expertise in tax law, tax compliance, and tax planning. They help in making tax returns and work closely with their clients to minimize their tax liabilities throughout the year.

Is it illegal to give someone tax advice?

Filling out someone’s W-4 — or any of their other forms — is illegal. Never, under any circumstances, fill out individual tax forms on behalf of your employees. That’s up to them, or their tax advisors.

Can a chartered accountant state himself as an income tax consultant?

No, direction given by the Council under Clause (7) of Part I of the First Schedule to the CA Act prescribes that it is improper for a chartered accountant to state on his professional documents that he is an Income-tax Consultant, Cost Accountant, Company Secretary, Cost Consultant or a Management Consultant. Q.

Do tax consultants need a credential?

Tax consultants can usually provide their services without holding any official credentials or licenses. However, some specific job titles do require licensure. CPAs must hold licenses from their state accountancy boards to practice public accounting. Each state sets its own CPA requirements, but all require applicants to pass the CPA exam.

Can a chartered accountant practice as an advocate?

Yes, direction given by the Council under Clause (7) of Part I of the First Schedule to the CA Act prescribes that a chartered accountant in practice who is otherwise eligible may practice as advocate, subject to the permission of the Bar Council.

How long does it take to become a tax consultant?

The amount of time it takes to become a tax consultant varies depending on what type of education or training you pursue. Tax consulting does not require a specific degree or level of formal education. However, earning a degree in accounting, taxation, or a related field can improve your chances of getting a job.