Published On : Thu, Sep 20th, 2018

“Chartered Accountants act as backbone of Income Tax Department- Mrs Asha Agrawal”

The Nagpur Branch of The Institute of Chartered Accountants recently organized met and felicitated Hon. Pr. Chief Commissioner of Income Tax, Vidarbha Region, Smt Asha Agrawal. After assuming charge as CCIT of Vidarbha Smt. Agrawal has taken proactive step in development of assessee friendly atmosphere at Income Tax Department. She said that Chartered Accountants of Nagpur are very much co-operative and professional in their approach.

While expressing her appreciation towards the CA fraternity she said that the CBDT acknowledges the efforts of a Chartered Accountants in ensure smooth functioning of Direct Tax mechanism in the country. She term Chartered Accountants as the Backbone of the entire department. Further she shared her feeling of being at home at Nagpur due to the cordial relations Chartered Accountants have had with the Income Tax Department at Nagpur. She said that progress done by Nagpur ICAI is significant & remarkable.

She said that Vidarbha has huge potential for development as it has apt transport availability it’s a logistic hub, rich in minerals. However the increase in the number of taxpayers is to be taken care of. The region has huge potential but is lacking the tax payer base. A country is strong or weak not because of territory that belongs to it but the economy that it holds. There is see change in the city in past 2 decades however the growth is not reflected in term of revenue. Growth of economy with Direct Taxes is a healthy sign of growing economy. However technology has made it possible for the government offices to track the transactions. She therefore appealed CAs to educate assessee about the various compliances that a person should make under the Income Tax Act so as to avoid any future hardship.

Earlier Chairman of Nagpur Branch CA. Umang V Agrawal, felicitated & welcomed Hon. Pr. CCIT Smt Asha Agrawal. He thanked on behalf of the entire CA community thanked the department for being assessee & counsel friendly. While discussing about the role of Income Tax Department and Chartered Accountants, highlighted certain aspects with which the professionals need help from the department. He placed the need of having a full time charge of Commissioner of Income Tax (Exemptions) at Nagpur which would help the department in resolving problems of Trusts faster while also ensuring that maximum trusts of the region are covered under the Income Tax net. He further wished to have continuous interactions with honble Pr. CCIT with Chartered Accountants in future.

CA. Julfesh Shah, Member of Accounting for Local Bodies, ICAI shared his delightful experience with the Income Tax Department. He commented that the Income Tax Department and ICAI are one family and members respect and support each other at all times.

The entire Delegation requested Smt. Agrawal to represent before the CBDT, the need of extending the due date of filing of Audit Report and Income Tax Returns U/s 44AB in view of the technological and procedural hardships being faced by the professionals.

Further the problems being faced in the e-assessment regime of the Income tax Department were discussed to which Smt. Asha Agrawal gave a patient hearing and assured the members to take up their concerns at the higher authorities.

CA. Suren Duragkar, CA. Kirit Kalyani, CA. Saket Bagdia, CA. Sandeep Jotwani, CA. Sanjay Agrawal and CA. Vijay Agrawal were the part of the delegation.