Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: TDS :: Central Excise rule to resale the machines to a new company :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: VAT RATES :: VAT Audit :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: ACCOUNTING STANDARDS :: empanelment :: articles on VAT and GST in India
 
 
« General »
 Simplified one page Income Tax Return Form: Changes to keep in mind before filing tax return for AY2017-18
  No proposal to replace Income Tax with Banking Cash Transaction Tax
 GST coming July 1 despite calls for delay: Revenue Secretary Hasmukh Adhia
 Centre introduces provision of taxation on NPS in Income Tax Act
 Income Tax Department Clarifies On Cash Withdrawal From Banks, Post Offices
 The Goods And Services Tax (Compensation To States) Bill, 2017
  Goods and Service Tax (GST) and Real Estate Sector
 New Income Tax Rules On Home Loan Come Into Effect
 Here's how late filers can save on stress and taxes
 Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib ?Kalyan Yojana, 2016
 Companies should invest in upgradation of tax technology

Chartered accountants should not see company secretaries as threat
May, 17th 2014

The chartered accountants' fraternity should not see company secretaries as a “threat” or “competition” in the latter’s attempts to gain statutory recognition for undertaking income tax-related work, R. Sridharan, President of the Institute of Company Secretaries of India (ICSI), said.

“They (ICAI) should not feel we are competition. We should leave it to the market to decide who could do the tax audit work. If we (company secretaries) show competency, then we should also be allowed to do income tax-related work,” Sridharan told Business Line.

He said the company secretaries’ course provides the necessary expertise to do income tax-related work.

“We are just about 7,000 practicing company secretaries, while there are already over one lakh practicing chartered accountants. We are certainly no competition to them,” Sridharan said.

Vikas Khare, Vice-President, ICSI, said the chartered accountants fraternity should be open to a competitive culture, especially when India had gone in for a Competition Act and the country was looking to encourage competition in the marketplace.

Sridharan’s remarks are significant as they come at a time when the CA Institute has shot off a letter to Finance Minister P Chidambaram opposing the Centre’s proposal in the new direct taxes code Bill to expand the definition of “accountant” to include cost accountants and company secretaries.

Once enacted, these professionals would also be eligible to undertake tax audit and appear before the Income Tax authorities.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions