Bifalgorithm post

Today, let's understand the meaning of the word "accountant" under the Income Tax Act 2025. Section 2, Subsection 1 says, "Accountant shall have the meaning assigned to it in Section 515, Subsection 3, Clause B." So, what does that mean? Basically, an accountant here refers to a chartered accountant who holds a valid certificate of practice under the CA Act. If a company wants to get its accounts audited or certify financial statements for income tax purposes, it must be done by a chartered accountant, not by a normal bookkeeper or clerk. So, remember, in the Eyes of Income Tax Law, law accountant is chartered accountant with certificate of practice.

Today, let's understand the meaning of the word "accountant" under the Income Tax Act 2025. Section 2, Subsection 1 says, "Accountant shall have the meaning as…