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Get the insights about the audit of books of account done by a ICAI member from a Deputy commissioner of SGST,Bihar.
ICAI member took management representation letter from assessee before exercising for audit this type of practice is suggested by Standard of Audit which are itself issued by ICAI ,which act as a SHIELD for its member if anything wrong find out after the audit.
तो भाई संतोष कुमार जी ,आप हो या कोई और हों अगर किसी आदमी का केस खुलता हैं,तो उसको तो संतोष करना ही पड़ेगा ,क्योंकि वो आदमी ca से ऑडिट तो करवा चुका है ,और फीस भी दे चुका लेकिन ,सारे किए धरे की जिम्मेदारी खुद assessee की ही होगी।
Ca की नहीं।
अब इसके बाद ये लोग बोलते है हमने SA लगा डाले , GAAP लगा डाले,IFRS लगा डाले।
भाई कुछ भी लगा लो।
बाद में asssesse को ही भुगतना है,फिर रोना धोना किस बात का के ऑडिट हम ही लोग करेंगे।
Tax ऑडिट हमारी फोर्ट है। तुम्हारी नहीं।
मेरे हिसाब से ऐसी मानसिकता बेकार है और बकवास है।
Perfectly said and explained how one profession creates a lobby. It's against national interest and again leads to financial fraud in the country. It is serious to put an end to this monopoly. Promote inclusion of CS/CMA
@ICMAICMA@icsi_cs#CMACSfortaxaudit#TAXAUDITFORCSCMA
@CA_AshutoshSoni@ICMAICMA@icsi_cs We know or don’t know, does it matter? Competition for quality work will be there. Why CA’s afraid of on inclusion of CMA & CS in the definition. Files are already stuck with the respective CA’s. Then why to worry or keeping them in the long run would be a threat.
@camukeshkabra And you are afraid off losing monopoly and there would be a chance for the government to assess the quality audit handled by which professionals and also assess among three bodies of professionals, who fills the government exchequer more efficiently and effectively.
@camukeshkabra Acually professionalism lacks in you, it is the government to decide who should be included and not, but you are commenting on the capabilities of other professionals. Which shows a nasty professionalism in you. Can you please explain, why tax audit is there in IT Act.
@CAChirag Hello Mr Chirag
Don’t you think you are losing respect in front of your juniors. It is government to decide the matter. Who are you to provide these.
🚨 ICMAI Urges Inclusion of Cost Accountants in Income-Tax Bill 2025! 🚨
The Institute of Cost Accountants of India (@ICMAICMA) has submitted a memorandum to Hon’ble Finance Minister Smt. Nirmala Sitharaman (@nsitharaman), requesting the inclusion of Cost Accountants in the definition of "Accountant" under Section 515(3)(b) of the Income-Tax Bill, 2025.
With the introduction of this Bill on February 13, 2025, ICMAI acknowledges it as a crucial step in modernizing India's tax system by streamlining provisions and improving compliance.
Recognizing the specialized expertise of Cost Accountants in taxation, compliance, and financial governance, this inclusion will:
✅ Enhance representation of Cost Accountants in taxation matters
✅ Promote inclusivity in the evolving tax administration
✅ Ensure effective utilization of professional skills for a transparent and efficient tax system
As India moves towards Viksit Bharat@2047, empowering professionals in taxation will contribute significantly to economic growth and ease of doing business.
We look forward to positive consideration from the Ministry of Finance.
Your support and insights on this matter are welcome!
#ICMAI #CostAccountants #IncomeTaxBill2025 #TaxReforms #Finance #Governance #EaseOfDoingBusiness
📢 Seeking Your Support! 📢
The All India Cost & Management Accountants Association (AICMAA) is advocating for the inclusion of Cost Accountants in the definition of "Accountant" under Section 515(3)(b) of the Income Tax Bill 2025.
✅ 2,342+ supporters & growing!
📜 Sign the petition & make a difference!
🔗 https://t.co/AuU1UF9OLw
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@ICMAICMA@indCMAs
#CMA4IncomeTax #SupportCMAs #TaxReform