Document background
The Corporate Tax Return Engagement Letter is a crucial document used in the Indian professional services context when a Chartered Accountant firm is appointed to handle a company's tax return preparation and filing obligations. This document becomes necessary at the beginning of each financial year or when engaging a new tax service provider, outlining the specific scope of work, timelines, and responsibilities in accordance with Indian tax regulations. The letter addresses compliance requirements under the Income Tax Act, 1961, professional standards of ICAI, and other relevant Indian legislation. It serves to protect both the service provider and client by clearly defining expectations, limitations, and deliverables while ensuring adherence to professional standards and regulatory requirements.
