Tax code 2013, audit by cs and cwa!!!!

2786 views 3 replies

Direct Tax Code 2013 which is not yet passed and effective is making big news in CA circle.

The new act will allow CS and CWA also to conduct the tax audits.

As per the new Tax Code the definition of Accountant includes CS and CWA. As per the provisions Accountant can conduct the tax Audits.

Direct Tax Code 2013, Tax Audit can be conducted by CS and CWA also!!!
Replies (3)

really worst news very bad for CAs looking for practice..............can u post the link of official Direct Tax Code 2013

sad

 

 

Link to download DTC 2013

https://incometaxindia.gov.in/Archive/BreakingNEws_DirectTaxesCode2013_31032014.pdf

Yes bad news and what are our leaders doing about this. The ICWAI silently and cunningly restricted cost audits to themselves in the new companies act. The ICSI also did the same in the new companies act. But our leaders have no time to protect the profession but spend more time posing for photographs and other nonsense.

Add to this they keep preaching that youngsters must come forward to practice so that the future of the profession is secure. The exclusive domain under Income tax act is diluted by one third already. Moreover, the government has reserved the powers to notify any other group as accountants under the code. To morrow the queue will be endless, Tax practitioners, lawyers??, MBA finance??, CFA??, ACCA?? etc etc.

If we dont act now, the code will be passed as it is and we will still be posing for photographs in the inuagural sessions of seminars and conferences on DTC 2013!!

 

 

I am amazed that after 5 months No CA or for that matter no member of caclub has reacted to this matter. I am sure this forum has so many of our leaders (RCM's and CCM's)  in membership, their silence is inexplicable.

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 July 2026
C.A./CA Inter OR pursuing C.A./GST/Accounts/Audit/IT - Head

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
11 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details