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Fees or Ethics

Rangarajan (CA Student) (200 Points)

09 July 2008

Hi Everyone

I have a question for every practising chartered accountant.

Assuming one of your major clients has to pay Rs. 10,00,000 to government as self assessment tax.

What would you do?

Option A - Adjust the figure so as to be loyal to the client for the fees he is giving

Option B - Make him pay the full amount as tax, showing exact and accurate accounts to the government.

Option C - Skip this question!!!!

All answers should be supported with their own perspective view of the problem. It should not be a one word answer

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3 Replies

u sivakumar (student) (71 Points)
Replied 09 July 2008

hi mr k rangarajan According to me ill be more loyal to my client.because he is not only paying me but also ill make him to pay the tax amount which is adjusted as per accounting norms.In ur question try to explain the hidden meaning of the word adjusted tax amount. So Obviously my answer is option c

thank u Mr K Rangarajan

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Mohit (Practicing Chartered Accountant) (80 Points)
Replied 09 July 2008

well according to me its option A

since in option A chartered will be loyal towards wat he is paid for and along with this he is giving him the service for wat the chartered has been appointed for.

CA Anand Sarda (Working) (1580 Points)
Replied 09 July 2008

I will opt for Option A, since he is paying me i would help him to reduce tax. see the govt is doing nothing for the people. so why should i let that money go to the govt.