Chartered Accountants across the country were incensed, alongwith members of public, when CBDT put out a format of IT returns for the FY 2014-15, mainly because it was long and was asking for too much info. There was so much noise in social media, in which the CAs' voices were perceptible, that the FM announced the withdrawal of the format and that a new, simpler form would be announced soon. Good. However, I am told that ICAI's question paper on (Final exam) Financial reporting was 24 pages long. (Longest ever). Can anything be more ridiculous? Even to read 24 pages of questions for a fast reader would take half of the stipulated time. And imagine how a student would feel intimidated and stressed out on seeeing the mere size of the question paper. Why can't Chartered Accountants, who mentor the students in their respective offices protest against such mindless actions of ICAI first before protesting against lengthier forms of ITR?
My own take is that - first the paper setter has to sit and write answers under examination conditions for his own paper within the stipulated time and secure a minimum of 80% (Anyway he knows al the questions!) before his question paper can be considered to be made as the official question paper.
PS PRABHAKAR
CAclubindia
