Accountant – Section 2(1) | Income-tax Act, 2025 vs 1961

§ 2(1) · Income-tax Act, 2025

Accountant

ITA 2025 · 2(1) ≈ Section 288(2) · 1961 Act
Definition — Section 2(1) read with Section 515(3)(b)

Means a chartered accountant as defined in section 2(1)(b) of the Chartered Accountants Act, 1949, who holds a valid certificate of practice under section 6(1) of that Act — but does not include (except for representing the assessee) a person ineligible to be appointed as auditor of a company, the assessee himself, or the person competent to verify the assessee's return.

Act Comparison
Income-tax Act, 2025
2(1)
Accountant
Income-tax Act, 1961
—
No direct equivalent
Newly defined in 2025
Key Points
  • Replaces scattered references to 'accountant' across the 1961 Act
  • Centralises the definition in Section 2 itself
  • Linked to tax audit obligations, valuation reports, and various certifications
💡 Practical Note

New taxpayers often wonder who can sign a tax audit report. Only a 'chartered accountant' within this definition qualifies.

Published by Simplified Tax India — Clear, section-wise comparison of Income-tax Acts. ← Back to Section 2 Definitions Table
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