Dear Professional Colleague,
As you must be aware, recently the ICAI had represented before
Central Board of Direct Taxes (CBDT)
seekingtax audit data
based on returns e-filed during the year 2010-11. I would like to inform you that in
response to the representation made to CBDT, the ICAI has been provided with the data relating to
number of tax audits conducted by the
members along with the
membership numbers of the tax auditors.
As per the data provided, the
total number oftax audit returns filed in respect of thefinancial year
2010-11 was
16, 16,096 which were
conducted by 59,472 auditors. The data so provided is being further processed with
regard to fake membership numbers, membership numbers which exceeded the
specified number (ceiling) of tax audit assignments, etc.
In order to prevent misuse of membership numbers of tax auditors, we have been given assurance that from next year onwards the uploading of tax audit report
along with digital signatures would be made mandatory. Further, the ICAI has also suggested that on the basis of data of practicing Chartered Accountants provided by ICAI, a user id and a password may be made available to all practicing members so that they can view all the tax audit reports uploaded in their name, which in turn would further curb the malpractice of misusing the details of member by the assessee. A tax audit not done by the member may be then reported by him to the Income-tax Department for the action at its end.
The said suggestion found
favor with the Department which has
assured that the
idea would be taken forward for further consideration.
I would also request you to kindly provide your valuable suggestion(s) to curb the malpractices being followed further in this regard. As regards the data being processed, we would keep you posted.
Warm Regards,
CA. G. Ramaswamy
| Ashwin Nagar | FCA and SAP-Finance & Consolidations | Success is not permanent and failure is not final
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