Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: VAT RATES :: cpt :: list of goods taxed at 4% :: due date for vat payment :: articles on VAT and GST in India :: empanelment :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: TDS :: TAX RATES - GOODS TAXABLE @ 4%
 
 
Direct Tax »
 To avoid extra TDS, give tax-saving proofs
 TDS on Rent under section 194I of Income Tax Act
 New direct taxes code aims for lower rates, wider base
 Towards a new direct tax system
 Central Board of Direct Taxes (CBDT) signs two Indian Advance Pricing Agreements (APAs) in November, 2017
 CBDT asks I-T to slap higher tax rate on fraudulently revised ITRs
 CBDT to accept transfer pricing MAP sans riders
 CBDT relaxes norms for MAP & APAs
 CBDT directs I-T Dept to closely examine all revised ITRs filed after demonetisation
 Non-resident investors get tax relief from indirect transfer rules
 Can the TDS liability under GST be fixed with retrospective effect?

Dispel notion that you help clients evade tax
June, 06th 2015

Chartered accountants should prepare their clients to remit whatever is due to the government and dispel the impression that their job is to teach them how to evade taxes, Chairman of Empowered Committee of State Finance Ministers, K M Mani said today.

"... rightly or wrongly there is a misunderstanding among people that the function of the chartered accountant is to teach his client how to escape the tax.

"My humble request is that you should teach and prepare your client to remit whatever his due is to the government. That should be your long-run duty," he said.

The Kerala Finance Minister was speaking at the National Conference on GST and Indirect Taxes organised by the Indirect Taxes Committee of ICAI.

Mani said ICAI strives for inculcating highest ethical standards amongst its members and assist them in upholding the values that the accounting profession stands for.

However, he said there is a perception among the public, or to be specific in the tax administration, that chartered accountants are "misguiding" business enterprises in the "guise of tax planning or succumbing to the greed" of the enterprises while performing their professional duties.

"I strongly believe that such perceptions have no basis and are misleading. But, even if a small section are of that category, the ICAI should kill the demon at the budding stage itself.

"The ICAI should send a clear message that such unethical practices shall not be tolerated and will crush anything and anybody resorting to such practices," he said.

Mani further said that ICAI has a major role to play in the indirect tax reforms happening in the country.

"Your reach and connect with the trading bodies, enterprises is very wide and far. Your help is very much essential to create right environment for smooth introduction of GST in the country," he added.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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