Tax Glossary Definition
A Chartered Accountant (CA) is a qualified accounting professional authorized to audit, certify, and verify financial statements, as well as provide services in taxation, accounting, and financial management. CAs play a key role in ensuring accuracy, compliance, and transparency in financial reporting as per legal and regulatory standards.
Example: A CA conducts a tax audit under Section 44AB of the Income Tax Act to verify a business’s books of accounts and certify its correctness.
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