Anilkumar Prajapati

CBDT Should make it mandatory to obtain the CA certificate in case of exemption or deduction claim by the assessees is in excess of certain amount for other than audit and salaried assessees for verifying the correctness and genuineness of claim.

Due to large numbers of taxpayer and relaxation given by CBDT not to scrutinize the cases of small taxpayer unless valuable information is available with department, it is not possible for department to assess the correctness and genuineness of exemptions or deductions claimed by the small tax payer in each & every cases. This leads to increases the chances of claiming bogus & wrong deductions or exemptions in income tax return resulting in huge amount of loss of taxes of the department.

To stop this leakage of taxes, CBDT should it mandate for other than audit and salaried assesses to obtain the certificate from the Chartered Accountants and uploading the same certificate with income tax return that the claim is correct and genuine by clearly showing the section and the amount of deduction or exemption under that section. CBDT should fixed the certain limit and prescribe the format in which certificate should be issued by the CA.

This will help the –

  1. Department in savings the leakage of taxes as well as,
  2. Also taxpayer those who are unaware about conditions mention under that respective section for claiming the exemptions or deductions and claimed the deduction or exemption on the advice of wrong person which result in huge amount of penalty in case of scrutiny of cases if it is found that assessee has claimed the wrong deduction or exemption.

This certificate should be mandate only for non audit and non salaried assessees because in case of audit correctness and genuineness is checked by auditor and in case of salaried assessees it is the responsibility of the employer.

If the return is filed without certificate by the assessee then deduction or exemption claimed in the  return should be allow subject to compulsory scrutiny by the assessing officer.

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0 responses to “CA certificate in case of exemption or deduction claim by the assessee”

  1. Manish says:

    Thank You for starting a debate. Shoot

  2. BSKRAO says:

    ON DATE, MAJORITY OF THE PCAs HAVE CROSSED THE AGE OF 50 YEARS. THEREFORE, GOVT. SHOULD RELAX THEM BY EXPANDING THE DEFINITION OF ACCOUNTANT IN INCOME-TAX ACT AS REFLECTED IN DTC-2013. THIS WILL ALSO ENABLE OTHER PROFESSIONAL BODIES TO GROW & SUPPORT COMPLIANCE UNDER INDIAN TAXATION LAWS. IN PARTICULAR GOVT. SHOULD SUPPORT PCMAS AND PCS TO GROW FURTHER TO EXPAND THEIR MEMBER BASE.

  3. ananthavardhana says:

    compared to falsification in Politicians and government servants self-declaration of their assets, wrong claim of deductions by assessees is negligible. No need for any certification nor uploading of such savings.

  4. Anup Joshi says:

    Also I want to ask the question that why other professional bodies are setup if the only CA has made all work. CA furnishes compliance certificate, practices in the indirect tax court of law also make a cost audit. Then please tell us that what will be do other professionals like CS, CWA LLB and Income Tax Consultant. please Ministry of Finance and CBDT and also other professional bodies think that very carefully and provide a bread to the other professional bodies and also not created pain for other professional. Thank you very much. Please see And think very carefully and not created a.monopoly in the democratic country. Neither it will be harmful to other professional bodies.

  5. Anup Joshi says:

    Today in the finance market CA has made a monopoly in the particular Finance Act also matter in the direct and indirect taxes matter. Why the finance dept will need CA help at that time other same qualified professionals available in the market for example CS, CWA, LLB Income tax consultant. Exception to LLB other two bodies is same and also great leval knowledge of Finance Act and also Direct and Indirect tax and rules and procedure then why we need only CA why we are not use other professionals knowledge. Can IT Dept think that all CA are faithful persons many scam are make to use CA Knowledge. I have and received a case related for service tax matter in that case CA ingnor his cliant and the cliant pays penalty for CA ignorance also his CA not tell the truth and tell this cliant That he has furnished the return but actually he has not files the return. So now this incidence how anyone take faith on the CA Professional. Tell me the Goyal sir why are you shouting. Proove that every CA is fathfull person. Not even one CA is fraude or negligence.

    • Deepak Goyal says:

      I agree with Anup Joshi. Now the talks are in sensible manner. I do respect other professionals categories. I accept some CAs are not performing their duty in faithful manner.
      But pl never think that every CA is not faithful. It is not so. I accept other professional are also competent.

      I was shouting because some one said that CAs are overburdened. This is only rumour. It only depends on your management how to handle work. Due to rumours like this has created genuine problems to many competent CAs. If you have time then pl read the following.

      suppose a CA has good knowledge and wants to set a good practice and wants more and more work for which he is also competent. And there is another CA who has got degree but does not have any experience of work. The rumors that CAs are overburdened compelled the law makers to make a foolish amendment in the company law which is ” A CA can do audit of only 20 companies including private company due to which the work from competent CAs have been transferred to incompetent CAs who have only degree and nothing else.

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