Tax Audit under the Income Tax Act is currently allowed to be conducted only by the Chartered Accountant but Proposed Direct Tax Code 2013 allows Tax Audit not only by Chartered Accountant (CA) but also by Company Secretaries (CS) and Cost Accountants (CMA). Clause 88 of the Proposed Direct Tax code prescribes who needs to get the book audited under the direct tax code 2013 and it further says that the same needs to be audited by an accountant. The Term accountant is been defined in Clause 320(2) which says that accountant means Chartered Accountants, Company Secretaries, Cost Accountants any person having such qualifications as the Board may prescribe, for the purposes specified in this behalf.
Direct Tax Code 2013
Audit of accounts and reporting of international transaction
88. (1) Every person, who is required to keep and maintain books of account under section 87 shall get his accounts for the financial year audited—
(a) where the person is carrying on one or more professions , the aggregate gross receipts of such profession or professions exceed twenty-five lakh rupees in the financial year;
(b) where the person is carrying on one or more businesses , the aggregate total turnover or gross receipts, as the case may be, of such business or businesses exceed one crore rupees in the financial year.
(2) The audit of the accounts referred to in sub-section (1) shall be carried out by an accountant and the report of audit be obtained in the prescribed form duly signed and verified by such accountant and setting forth such particulars as may be prescribed.
(3) The person referred to in sub-section (1) shall furnish the report of audit referred to in subsection (2) to the assessing officer on or before the due date, in the manner as may be prescribed.
(4) The provisions of sub-section (1) shall not apply to the business where the income therefrom is determined under paragraph 1 of the Eleventh Schedule.
(5) A person shall be deemed to have complied with the provisions of sub-section (1), if the person—
(a) gets the accounts of his business audited as required by, or under, any other law for the time being in force, before the due date; and
(b) obtains by the due date the report of the audit as required under such other law and a further report by an accountant in the form prescribed under sub-section (2).
(6) A person referred to in sub-section (2) of section 87 shall furnish a report of the international transaction or the specified domestic transaction entered into during the financial year to the Transfer Pricing Officer and the Assessing Officer on or before the due date, in the manner as may be prescribed.
(7) The report referred in sub-section (6) shall be obtained from an accountant in such form duly signed and verified in such manner, as may be prescribed.
Meaning of Accountant as per Clause 320 (2)
320. In this Code, unless the context otherwise requires —
(1) *******
(2) “accountant”means a chartered accountant within the meaning of the Chartered Accountants Act, 1949 and who holds a valid certificate of practice under sub-section (1) of section 6 of that Act, and shall include-
(i) a company secretary within the meaning of the Company Secretaries Act, 1980 ;
(ii) a cost accountant within the meaning of the Cost and Works Accountants Act, 1959 ; or
(iii) any person having such qualifications as the Board may prescribe, for the purposes specified in this behalf.
Also Read
Govt. invites comment on Proposed Direct Taxes Code 2013 + Download DTC 2013
Significant changes in the proposed Direct Taxes Code, 2013
Author Bio
Interpretation is required both in Practice of Cost/Financial/Management Accounts & Practice of Law. Interpretation of Cost/Financial/Management Accounts is not a tough job in this computer era. Even an matriculate person correctly say 4+4=8. Whereas practice of law is tough job. One should not go with plain reading in statute, but should understand the intention of the legislature to interpret the law. This can only be done by Advocates. Hence, it is suggested to govt. do not allow other than Advocates to plead & act before the Income-Tax Authorities at all levels to avoid mounting up of litigation before Tribunal & High Courts in tax matters.
RAVI SIR,
How many CA’s know parts of deed, drafting, pleading & conveyancing, but still they draft deeds in speaking language without giving full effect to contract. I have seen in may cases of deeds drafted by CA’s. Even CAs does not know the impact of furnishing affidavits & sworn statement in the course of Income-Tax Proceedings & put clients in to trouble & litigation. Many of the litigation in tax matter pending in Tribunal & High court because of wrong advise given by other than Advocates at original side of practice. That is why I suggest Advocates should only be allowed to plead & act before the Income-Tax Authorities at all levels.
Mr. Mandeep sir,
I agree with your view, If CA’s are allowed to appear before the court, then they will also learn the CPC & other laws. Now it is not necessary for CA’s. CA’s knows not only Income Tax but also study the Indian contract Act, Companies Act, labour Laws & some other laws. While advising the matter relating to Income Tax, they can’t advise by ignoring the other laws. So don’t thing that they are ignorant of other laws. Only thing they are experts in Income tax Law, therefore they are appearing for appeals for Income Tax matters. First you should agree that CA’s are capable for doing this. That is why the clients chose the auditor than advocates for their income tax matters.
Dear friends,
It is well come move definitely for tax advocates propose to give the tax audit. The CA/CMA and CS class said that we have a right to practice of taxation law as per their respective acts. Dear CA/CMA and CS please note that your council has given the only opinion that their members can do the practice of taxation law.
Dear friends, the opinion can’t take the place of law and there is no value of the such opinion. Your councils are misguide their members.
The words appear is never giving you right of practice. The meaning of the word appear represent only to physical appears on behalf of assessee. The word appear is not giving any right of practice to such class. The word practice is connected with representation and is only right of advocate class.
All the three class of the professional only appear before the tax authority on the basis of power of attorney. And power of attorney holder can’t argue the case. The Power of attorney holder is only the messenger of the assessee.
We the lawyer community should asked before the CBDT that we are not behind the the audit but to remove all other class from the section 288 of the Income-tax Act and such other Act like Excise, Service tax, Company law etc as it is advocate’s right.
The CBDT is offering the audit work to tax advocate as a compromise level.
These audit certificates are also strict hurdle in the way of security transaction tax. Mostly indian wants to do future trading in share market on margin money basis. But in recent times many person got notices from department for not audit their accounts u/s 44ab & facing penal provisions for non audit. Now every person in fear & not doing tradings, which causes huge STT & Income tax loss.Financial loss to the broker companies in share trading & indirectly revenue loss to government for reduce income of such companies.
GOVT. NEED TO THINK
BUT BCI MUST TAKE EFFORTS FOR THE BENEFITS OF PRACTICING ADVOCATES IN TAXATION.OTHERWISE IT WILL BE MORE TOUGH FOR TAX PRACTICING ADVOCATES TO CONTINUE TAX PRACTISE ONLY ON LLB DEGREE.
TAX AUDIT U/S 44AB IN INCOME-TAX ACT WAS INTRODUCED IN THE REGIME OF PRANAB DADA IN 1984 BY CONGRESS GOVT. UPA GOVT. EXPANDED THE DEFINITION OF ACCOUNTANT IN DTC-2013. HOWEVER, IT IS A WELCOME MOVE BY UPA GOVT. IN THE CENTRE. THIS WILL DEFINETLY HELP TO INCREASE THE GENUINE TAX BASE IN DUE COURSE. IE, NEW NON-TAX CA TAX PROFESSIONALS WILL ENTER TAX PROFESSION FROM NOW ONWARDS TO SUPPORT VOLUNTARY COMPLIANCE IN ALL INDIAN TAXATION LAWS.
PCJ Sir,
You have correctly said,
Audit means “verification”, depending on the purpose they are classified as Energy Audit, Environment Audit, Product Audit, Process Audit, Legal Audit in USA & Tax Audit in Indian Income-Tax Act etc. Here, person conducting audit should be specialized in that subject. Hence the word “Audit” is not the domain of Chartered Accountants.
HENCE, WE ALL TRY TO REMOVE WRONG NOTION IN THE MINDS OF PUBLIC THAT AUDIT MEANS CHARTERED ACCOUNTANTS.
Rightly said by Srikrishna Sir.
Advocates too have accounts background either through their graduation or through other courses. If the CBDT is with the view that Advocates are noway related to accounting then it may allow advocates with accounting background to sign audit reports. CBDT may fix a eligible criteria for accounting knowledge for advocates.
Tax audit needs knowledge of both Accounts and Law. All the four class of Professionals, CA, CS, CMA and Advocates have knowledge in both. They practice their profession under statutory bodies regulating them. The signing of Audit report under DTC is not the only job for either professional. There are other duties under Companies Act and other statutes which expands the role of the professionals.
Surya Krishna
Advocate and Tax Pratitioner,
rsuryakrishna@yahoo.in
+91-9488714372
MANDEEP SINGH SIR,
Your response to ondipuli comments in this blog confirms to the provisions of law prevailing in India. Thnak you, Mandeep Singh ji. In DTC-2013 almost all persons are covered for tax audit, only Tax Advocates left out. I think from now onwards We have to move aggressively in the matter of pleading & acting before the assessing officers of Income-Tax Deptt.
This should have been done long before.There are three specialised audits. Financial Audit which is conducted exclusively by Chartered Accountants. There is no issue. Similatly Cost Audit by Cost Accontants and Secretarial Audit by Company Secretaries respectively.
Rest all audiits like Tax Audit,Audits under VAT Bank audits etc. should be opened for all professionls namely CAs,CS and CWAS. Unfortunately, CAs always have a feeling that all audits are their rights and no body else should be authorised to conduct the audits. When they have a right to certify E forms under Companies Act, Corporate Governance audit under Listing Agreements and number of other CS & CWAs oriented audits that is fine with them. But if CS and CWas are authorised for Tax Audit and VAT audit then they make this senseless arguemnets that tax audit requires deep knowledge of accounting,CA is the toughest course because of lower pass% and all.Please note that tax audit is not a rocket science. If a Chartered Accountant can do practice in Corporate law and pure financial consultancy then why cann’t the other professional do tax audit. In all three courses, there is fair amount of accounting and tax papers have been included. There should be multiple options before the industry why only CAs should monopolise. The clients should have the right to choose the right auditor that may be CA,Cs or CWA.
It is a very good move and it removes the monolopoly of CA. The CMA’s are very capable and have very good knowledge in Taxation ratherthan CA. They are highly interest in public interest but they {CA) are not like this they are manupulating the government by making false calcultions.
Dear ondipuli ji,
Practice of accountancy & practice of law are two different things. Right to “practice of law” confined to only Advocates as a law professional class. If there will be any confusion regarding accounting entries in assessment then accounting professional may called u/s 131 of Income tax act 1961 as like in courts witness are called. If this procedure adopted by ministry of finance by deleting section 288(2) of income tax then it will be beneficial for revenue.
Defiantly it will increase quality of work related to “Practice of Law” & Practice of accountancy if accounting professional are called u/s 131 of income tax act 1961.
Mr.BSK Rao,
Please note that writing this same matter in tens of thousands of forums won’t help. CWAs CAs and CSs will always have the right to represent assesses before IT authorities.
Why, We are going to take up the challenge and ensure that we get the right to represent the assessee even in Courts. Remember that Direct Tax Laws in India require deep accounting knowledge which only professionals from the Institutes possess to the fullest degree.
If you keep quoting Advocates Act, we can keep quoting CA Act,1949 CWA Act,1959 or CS Act.
Thanks,
Ondipuli
CMA
Gopakumar Sir,
There is nothing wrong in granting the power of tax audit to all the persons authorised to practice Income-Tax Law U/s 288(2) read with Rule 12A of Income-Tax Rules. Audit of Ltd Companies still enjoyed by CA’s only. In fact, Audit of Ltd Companies should also be given to CMA’s, in view of latest amendemnts made is Cost Accountants of India Act authorising CMA’s to work in the area of Cost as well of Management Accounts. Because, Management Accounts means application of Cash Flow Statement & Ratio Analysis on Cost & Financial Accounts.
Bar Council of India Vs A.K.Balaji [SLP (Civil) No(s) 17150-17154/2012] Dt.04.07.2012 (SC) and A.K.Balaji Vs Govt. of India (2012) 35 KLR 290 21.02.2012 (Madras HC) it was clearly held by Hon’ble Supreme Court & Madras High Court that Advocates alone are entitled to practice the Profession of Law both in litigious & non-litigious matters. This also confirms to Section 29 of Advocates Act. The verdict of Supreme Court is the declared law of land, binding on all throughout the territory of India under Article 141 of Indian Constitution & contravention liable for action under Article 129 read with Article 142(2) of Indian Constitution. Income-Tax Act being “LAW” Advocates alone are entitled to plead & act before the assessing officers of Income-Tax Deptt. & other than Advocates should appear before the assessing officers under CPC/Evidence Act against summons issued U/s 131 of Income-Tax Act. On date, Section 288(2) of Income-Tax Act has been subjected to review of Apex Court verdict. Therefore, other than Advocates representing the assessee to plead & act U/s 288(2) is totally illegal, null & void
Welcoming this move and appreciated.
fair only if govt ready to eliminate the monopoly of Secretarial Audit and Cost Audit presently enjoyed by CS & CMAs.
My dear friends CA’s always up roaring study of CA’s curriculum is toughest one. It is wrong conception. Only minimize pass percentage not amounting toughness of curriculum. If any person honestly devote 3 to 4 years on CA study he can become master of the accountancy. But actually study of law toughest one, Nobody can say he is master of law in his hole life.
At last it is request to my CA’s friends not uproar curriculum is toughest one. In punjab government is taking TET & study material of this test upto metric level but PHD STUDENTS ARE UNABLE TO CLEAR THIS DUE TO LOW PASS PERCENT. HERE WE CAN’T SAY TET IS TOUGHEST ONE IT WILL BE WRONG CONCEPTION. PLEASE RESPECT LAW PROFESSION WHICH IS A NOBLE PROFESSION & OTHER PROFESSIONS.
Monopoly of one institute is always dangerous for country, so move to allow CMA’s and CS’s for tax audit is good for country. also Financial audits should be open to CMA’s and Cost Audits should be open for CA’s.
India is big country so need as many institutes to serve the nation. first empower CMA and CS.
To BSK Rao
Nameless person,
I am working keeping in mind the word “We”. It is evident from the fact the I am making claim to grant tax audit power to all the persons covered U/s 288(2) of Income-Tax Act, who are allowed to prepare return on behalf of assessees under Rule 12A of Income-Tax Rules. The above proposal meet the requirement to widen genuine tax base of assessees in due course to meet the cost of Food Security Bill Sir.
Hello Mr. Ravi,
How can CA’s more competent in practice of taxation laws than Advocates. Mere reading of Income tax law not makes anyone perfect for practice of income tax laws. Practice of Income tax law based on several other acts regarding about CA’s have zero knowledge.
Practice of income tax law based on following other acts which are played important role to decide the matters under income tax law.
1) Local land laws & Judgments to decide agriculture matters.
2) If your are Punjab resident, you should need to be knowledge about JAMABANDI, FIED BOOK, GADAWARIES & KNOWELDGE OF LOCAL STAMP ACT TO TACKLE AGRICULTURE MATTERS.
3. EVIDENCE ACT:- YOU SHOULD BE KNOWLEDGE OF EVIDENCE ACT FOR GUIDE ASSESSEE WHICH EVIDENCE COULD BE FAVORABLE & WHICH EVIDENCE CAN CREATE PROBLEM.
4. IPC: YOU SHOULD BE KNOWLEDGE OF IPC ACT READ SECTION 193 TO 200 DEALS WITH EVIDENCE. DECISION UNDER ANY LAW BASED ON EVIDENCE ACT.
5. YOU NEED TO STUDY OF INTERPRETATION LAWS FOR PLEAD UNDER ANY ACT.
6. CPC
7. CRPC
8. RENT CONTROL ACT & JUDGEMENT OF HONB’LE COURTS UNDER THE ACT.
9. YOU NEED TO STUDY DRAFTING & PLEADING ACT.
THERE ARE OTHER OF NUMBER OF ACTS & JUDGMENTS UNDER THESE PLAYS IMPORTANT ROLE TO DECIDE INCOME TAX MATTERS.
AT LAST IT VERY CLEAR PRACTICE OF EVERY ACT IN INDIA BASED ON OTHER ACTS & JUDGMENTS UNDER THESE ACTS. SO FOR “PRACTICE OF LAW” IS ONLY FOR ADVOCATES.
Hearty welcome and logic proposal. Let India follow international standards where professionals in the same fields are allowed to work together and develop superior quality of profession. i think it is only in India, only CAs (one of the professional bodies) allowed to work in the field of accounting and taxation, which CAs made it monopoly and used to protect only their interests and manipulations without considering national interest, ordinary people and their requirements. It is simply evident from their minimum fee shedule. if a person is unable to pay the minimum fee, he can not avail services of accounting and taxation from a CA. What a tragedy, just like some doctors charge minimum fee for saving a life. Let the proposal come true and ordinary people get professional services at low cost.
Dear Mr.BSK Rao You seem to be very jealous of CAs and other professionals. I can sense this GREAT JEALOUSY in every post of yours, not only here but in your posts in numerous other forums. If you are very keen on advocates getting the right to sign tax audit reports, then CAs /CWAs and CSs will press for appearing on behalf of clients in Courts. Why should the right to appear in court be reserved to lawyers only? We will press for amending the Advocates Act to include CAs and other professionals to appear in courts for cases .
Kindly remember that the above three exams are among the toughest to clear , unlike getting a law degree.
THE PROPOSED ACTION OF THE GOVT. IN THE ABOVE ARTICLE WILL DEFINETLY HELP TO MEET THE COST OF FOOD SECURITY BILL INTRODUCED BY OUR ESTEEMED CONGRESS GOVERNMENT BY WIDENING GENUINE TAX BASE OF ASSESSEES IN INDIA
I would like to congratulate all the Companies Secretaries and cost accountant on this historical move proposed by the Government. Now the CS or CMA who had studied hard to come in this professional will be recognized by the society. Most of the people do not know what is Company secretary. They think that they are just personal secretary. Most of the CSs have to explain to the general public that CS is also a professionals like CA. Some CS have to introduce themselves as CA to their relatives or others in order to avoid explanation or referring section 383 A of the companies Act. It happened with me a lot of times. I am in Canada but nobody, even indian, do not know what is CS.
Also this proposal will give more source of income to CS or CMA as I have seen some professional to issue secretarial audit report for just Rs. 500 to 1000 despite giving the best services. Some CS professionals, who never got chance to work in listed companies are forced to do clericals jobs.
I have seen a lots of comments, saying CS or CMS people know little about Taxation which is wrong. When I was students of CS, I think, I studied about 20 legal acts including Direct Tax and Indirect tax. I think a CS has mastery in legal area and they can enter in any field anything with their vast knowledge.
So I am very happy for all CS and CMS professionals and hope they will keep it up and will make people aware about their importance in corporate world by providing their the best professional services.
It is a welcome move, No doubt. But why it should be stopped with this, we may extend further. It is equally important to make an amendment in the respective laws to do the cost audit and secretarial practice by CA’s also. The CA’s are more wellversed in Income Tax laws and the matters involved in the Income Tax cases than Lawers, because they are watching the day to day position of the assessee. Why the CA’s should not be allowed to appear before the court for Income Tax Matters. Also, we can recommend to change the syllabus of all the CWA cours, CS Course & Law course to include all the laws so that all the person can practice in all the laws and avoid the confussion of superior, inferior or practising areas.
IT IS VERY GOOD MOVE.
This is should be abolished just like congress Government.Highly Dangerous .
Then what is the use of CA? If CMA & CS are allowed to audit then the companies actual status will be come down.CMA is doing only one good job .i,e, getting the fee abnormally from the students . They never create any meaningful materials.If we allow them,Taxation, Auditing will be a good entertainment.All the people will sign the report just like notary public.Then what will happen?……………
K.MUKAMBIKA MADAM,
Conversely you should say like this,
ICAI Should not approach Deptt. for securing certification work for their members by way of bribing the bureacrats, rather people should recognise the quality of work done by ICAI members.
I congratulate the Cost accountants and company secretaries for their successing in persuading the CBDT for for recognising them for Tax audit. At the same time it is also necessary to extend the definition so as to include the Tax advocates who are primarily entitled to practice any Law incuding the Income tax Act. That positive action will stimulate many other than CA professional to join Tax profession and to work for Tax Base widening and enhancing tax collection meaningfully. Now it is the time for BCI to peruse the matter on utmost importance for wide coverage of legal fraternity.
form which A.Y. it is applicable.
It is w e f A Y ?
As on today CMA and CS Professionals syllabus not covered the entire taxation and Accounting Areas and the quality of course is not high compare with CA Courses. This point to be considered.
I APPRECIATE THE EFFORTS OF J.R.SHARMA, SECRETARY, BAR COUNCIL OF INDIA IN THE ABOVE MATTER. TAX ADVOCATES WITH COMMERCE BACK GROUND SHOULD BE INCLUDED FOR THE PURPOSE OF TAX AUDIT IN DCT 2013 U/S 320
Whenever Non advocates are practicing of Taxation laws by appearing before tax authorities. Whenever it is filed of only Advocates. Who are only recognized class for ” Practice of Law” under advocates Act 1961.
Then why not Advocate should be authorized to sign off tax audit reports. Which reports are biased on interpretation of laws. To fill form 3CD is covered under Practice of Law & it is not practice of accountancy. I congratulate to CMA’s & CS’s for inclusion u/s 320 to tax audit.
THIS IS THE RESULT OF TOO MUCH PROTECTION OF MEMBERS BY ICAI & BASED ON THE PRINCIPLE OF ACTION & REACTION ARE EQUAL & OPPOSITE. STUDENTS SHOULD APPROACH GURU FOR PREACHINGS & GURU SHOULD NOT APPROACH STUDENTS, THE PRINCIPLE FOLLOWED BY INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA SINCE 1984.
Welcome move. appreciated
The Bar Council of India (BCI) in New Delhi, the statutory body governing the legal education and profession in the country, has urged the Centre to permit legal professionals alone to practise in matters relating to Income-Tax law involving amount below Rs 60 lakh.
The BCI has sent a communication dated September 11 urging the Central Board of Direct Taxes (CBDT) in New Delhi and the Income-Tax Appellate Tribunal (ITAT) in Bangalore to delete certain words from sec 33 of the Advocates Act, which went against the lawyers community and allowed the auditors and chartered accountants (CAs) to practise in IT law. The appeal followed a report from S Prabakaran and Rameshchandra G Shah, members of the BCI, who have been assigned the task of examining the Advocates Act and Income-Tax Act.
The BCI, at its meeting held on July 28 last, considered the report of Prabakaran and Shah and accepted it. In turn, it urged the CBDT and the ITAT to delete persons other than legal practitioners from practising in IT matters involving below `60 lakh under Sec 288 (2) of the Income Tax Act.
Originally, under sec 44AB of IT Act, persons carrying on business having turn over exceeding Rs 60 lakh per year have to submit Tax Audit Report in Form 3CD duly signed only by CAs. The Act was redefined, and sec 44AD added to it in April, 2011, which included all business class assessees having a turn over `60 lakh and below within the ambit of tax audit. In view of the redefined clause, assessees approaching the CAs can declare less income and pay less tax. If they approach a legal professional, they have to declare fixed percentage of income and pay more tax, because of no authority to attach such Tax Audit Report. Then, nobody will approach the legal professionals and they will be indirectly threatened to extinction from income tax practice. This will amount to virtual withdrawal of the right conferred on legal professionals under Sec 288(2)(iii) of IT Act.
I ALSO APPRECIATE THE EFFORTS PUT BY SRI.S.PRABAKARAN, ADVOCATE, CHENNAI AND RAMACHANDRA G.SHAH, ADVOCATE, SURAT, WHO ARE THE MEMBERS OF OUR APEX BODY BAR COUNCIL OF INDIA, NEW DELHI
I ALSO APPRECIATE THE EFFORT PUT BY SRI.ANANTH SUBRAMANIAN PCS, SRI NAZEER PCS & SRI RAKESH SINGH ICMA IN THE ABOVE MATTER. IN THE SAME WAY IF DEPTT. TAKE BCI, ICSI & IC&MAI IN TO CONFIDENCE IN ALL DECISION MAKING PROCESS OF INDIAN TAXATION LAWS, THIS WILL HELP THE GOVT. TO INCREASE GENUINE TAX BASE IN INDIA.
It is really a good move by the Government of India. It heps industry and common people to chose tax professionals among CMA/CA/CS qualified people at lessor cost and quality of the service.
Congratulations to Cost and Management accountants and Company Secretaries.
It is good move by ministry of finance & CBDT. Monopoly is not good on revenue side as well for assessee. filling form 3CD under income tax is 70% interpretation of laws. So for Advocates more than five years experience in taxation filed should be authorized for tax audit.
I would like to congratulate “THE INSTITUTE OF COST ACCOUNTANTS OF INDIA and “THE INSTITUTE OF COMPANY SECRETARIES OF INDIA” for getting new area for practice as per the INCOME TAX CODE 2013. CA, CMA & CS professionals are equally competent to perform this task.
The action of the Congress Govt. in the above article is highly appreciated. At least from now Non-CA Tax Professionals will take-up tax profession in big way which will help the Govt. to bring more persons in the tax net. Presently 2% of pupulation are under the tax net. In due course more persons will come under the tax net. Here attitute of the deptt. also plays very important role. Hence, Govt. should give more stress on that for the reason the there is still some fear about the deptt. officials to the assessees. Ie, citizen charter should come in practice.
As per section 320(2)(iii) any other class may allowed by the CBDT. We hope that Tax Advocate may introduce in this qualified person.
This is a very welcome, justified and logical move by department. India is short of qulified accountants and restricting the service within CA does not help general public..good move
It is a welcome move by the government.
I WOULD LIKE TO CONGRATULATE INSTITUTE OF COST & MANAGEMENT ACCOUNTANTS OF INDIA AND INSTITUTE OF COMPANY SECRETARIES OF INDIA AND ALL THE PERSONS WHO WORKED FOR THE ABOVE ISSUE IN THE COMMON INTEREST OF OUR NATIONAL REVENUE