Advocate B.S.K.RAO

Indian Income-Tax Law Does Not Meet The Norms Of Good Tax System Having Different Canons!

Income Tax - Original Income-Tax Act, 1961 was well drafted by learned officials in Finance Ministry and it was capable of meeting the expectation of the Govt. in all future events, except requiring amendments for events and changes taking place in this 21st Century. India Central Budget 2017 has made the Income-Tax law still more complicated. One sid...

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Budget 2017: Budget of Tax Terrorism; Makes Tax Law more Complicated

Income Tax - Income-Tax Law Has Been Made More and More Complicated In Every Budget Mr. Modi Govt. in Budget 2017 has made the Income-Tax law more complicated. On One side Income-Tax Deptt. says that only assesses e-mail address should be provided to enable them to file returns voluntarily. On the other hand, CBDT amending Income-Tax law in […]...

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Approach to Regulation of Tax Professionals

Income Tax - Regulating a profession by imposing conditions for admission inevitably reduces the supply potential of professionals. Therefore, a rough balance between supply and demand for professional services should be maintained. Regulation of Tax Professionals should be similar to that of consumer protection....

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Regulation of Tax Professionals in the Indian Context

Income Tax - It would be difficult to have a well-functioning tax system without tax advisors. Because most taxpayers are not familiar with the intricacies of the tax laws, tax advisors are needed so that taxpayers can fulfill their complicated tax obligations....

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Appearance & Audit under GST Law Domain of Advocates

Income Tax - In conclusion, only person licensed to practice law in India should issue Audit Certificate under GST Law. If such authority for Appearance & audit given to Chartered Accountants, situation may arise that order of assessing authority in proposed GST Law, passed against the audit & representation of Chartered Accountant become in-fructuous...

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Recent Posts in "Advocate B.S.K.RAO"

Indian Income-Tax Law Does Not Meet The Norms Of Good Tax System Having Different Canons!

Original Income-Tax Act, 1961 was well drafted by learned officials in Finance Ministry and it was capable of meeting the expectation of the Govt. in all future events, except requiring amendments for events and changes taking place in this 21st Century. India Central Budget 2017 has made the Income-Tax law still more complicated. One sid...

Read More
Posted Under: Income Tax |

Budget 2017: Budget of Tax Terrorism; Makes Tax Law more Complicated

Income-Tax Law Has Been Made More and More Complicated In Every Budget Mr. Modi Govt. in Budget 2017 has made the Income-Tax law more complicated. On One side Income-Tax Deptt. says that only assesses e-mail address should be provided to enable them to file returns voluntarily. On the other hand, CBDT amending Income-Tax law in […]...

Read More
Posted Under: Income Tax |

Approach to Regulation of Tax Professionals

Regulating a profession by imposing conditions for admission inevitably reduces the supply potential of professionals. Therefore, a rough balance between supply and demand for professional services should be maintained. Regulation of Tax Professionals should be similar to that of consumer protection....

Read More
Posted Under: Income Tax |

Regulation of Tax Professionals in the Indian Context

It would be difficult to have a well-functioning tax system without tax advisors. Because most taxpayers are not familiar with the intricacies of the tax laws, tax advisors are needed so that taxpayers can fulfill their complicated tax obligations....

Read More
Posted Under: Income Tax |

Appearance & Audit under GST Law Domain of Advocates

In conclusion, only person licensed to practice law in India should issue Audit Certificate under GST Law. If such authority for Appearance & audit given to Chartered Accountants, situation may arise that order of assessing authority in proposed GST Law, passed against the audit & representation of Chartered Accountant become in-fructuous...

Read More
Posted Under: Income Tax | ,

Advocates alone are entitled to Practice, Plead and Act before revenue authorities

Advocate B.S.K.RAO  (1) When the Deptt. is taking so much of security measure for e-filing of tax returns through only Assesses Digital Signature Certificates etc., person filing the return in the capacity of Individual, HUF and Artificial Juridical Person should only appear & produce records in support of return filed, against notic...

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Posted Under: Income Tax |

Widening Tax Base in Indian Tax Laws and Income-Tax In Particular

In this computer era, all records of business enterprises are maintained in computers and voluntary compliance of return filing U/s 139 of Income-Tax Act are also sought in digital format. Return preparation utilities are provided by the Deptt. so that there may not be any instance of wrong claims or deduction, unless there is bug in the ...

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Posted Under: Income Tax |

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