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.Online GST Certification Course by TaxGuru & MSME- Click here to Join
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 –
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.