Accountant eligibility and disqualification clarified; representation barred for convicted individuals and prescribed relatives for specified periods. Amendment defines 'accountant' as a chartered accountant with a valid certificate of practice and enumerates exclusions from acting as accountant for representation, including ineligible company auditors, partners, family members, trustees, officers or employees of the assessee, relatives, persons holding securities or indebted to the assessee (with limited de minimis exceptions), persons giving guarantees, those with prescribed business relationships, and persons convicted of offences involving fraud; it also prescribes disqualification periods for conviction and insolvency and empowers revenue authorities to determine other disqualification durations.
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Accountant eligibility and disqualification clarified; representation barred for convicted individuals and prescribed relatives for specified periods.
Amendment defines "accountant" as a chartered accountant with a valid certificate of practice and enumerates exclusions from acting as accountant for representation, including ineligible company auditors, partners, family members, trustees, officers or employees of the assessee, relatives, persons holding securities or indebted to the assessee (with limited de minimis exceptions), persons giving guarantees, those with prescribed business relationships, and persons convicted of offences involving fraud; it also prescribes disqualification periods for conviction and insolvency and empowers revenue authorities to determine other disqualification durations.
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