Bribe a CA, cheat the nation, get a tax refund

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I dont think anybody should have problems with this. If our youth can think of happiness and can waste crores of rupees in smoking and drinking, and if our people can waste crorres of rupees in crackers....this IT case is purely justified. If people have enough time and money to see movies, go to discos then those shouldn't have any problems with such loot because those CAs and IT ppl r doin the same things people do..in a different way. Just like our people get happy by burning crackers, smoking, drinking, hurting others.... they get happiness by looting others...!

I think it shold not be generalised .

Yes, and i think these artciles which are against entire CA faternity should not find a place in this site. PLUS i would like to urge to site authorities to stop these CA v/s ICWA and take strong action against those member who are misusing this concept . Personally i beleive that if a CA is caught during a sting operation this should not be hyped at all because these is what many other income tax practitioners across the country are doing whether they are LLB or ICWA. And as far as tax audit comment is concerend i think this is highly frustrated comment by any professional and should not be made as it not only derogatory of the profssion against which it is made but also the profession to which the person making belongs

Few "Black sheep" exist in all fields. They are exceptions and donot define the character of entire community. However, GOI should now ACT and bring in Competitive environment by authorising members of other Professional Accounting Institute of India viz CMAs - Members of The I C W A of India. Contd.....

@ sharma_vikascacs Wow,so you want to curb freedom of speech because you are offended by the article ? Everybody cannot become anything they want just like you couldn't have been a scientist.So cut the crap,please. It's not like ca's are not fraudsters. Many of them ARE . More than the cheating CA's it's CA's like you who are so damn intolerant that they want media rights to be trampled who need to watched actually . Media,as long as independant,is actually automatically regulated. If this channle published nonsense there will be some other channel that will rip it apart and kill their reputation and viewership. But who will stop our dishonest CA?

Hello friends, I am a Chartered Accountant. Please note that an opinion on a community should not be generalized just because of few people (representing the profession) turn out to be tricksters. Just see the efforts that the person puts in the course of his Chartered Accountancy profession. Normally, CAs are very hardworking, good at table-work, normally maintain high ethics and lead a very principled life. The rigorous articleship training even before clearing CA exams and the pivotal role they play in the corporate and nation building exercises is unmatchable. Every person should not be given the privilege to handle the domain areas of CAs as the quality of work and the corporate's financial health will suffer (similar to a non-medical professional performing a surgical operation on a human-being). I mean to say that domain areas of a particular profession should be confined to the respective professional alone. I am currently employed abroad. I had to leave India because it is full of corruption everywhere. I believe in principles, but wanted to make quick-money to honour my personal commitments. Hence, I decided to get employed in a high-paying job abroad which is corruption-free (either directly or indirectly). The corruption has to be attacked from the root. See the politicians (taking decisions for enhancing their own personal interest rather than caring for national interest, accumulating wealth at the cost of people's taxes, creating communal disturbances for winning elections etc.), doctors who give false certificates (may be due to money or political threat etc.), lawyers, engineers.....We see people of all kinds and cannot term all the communities as corrupt. THE PROFESSIONAL MAY BE CORRUPT BUT THE PROFESSION IS ALWAYS HELD IN HIGH PUBLIC ESTEEM AND INTEGRITY. We see the modern-day Chartered Accountants who are very dynamic, hard-working and smart. The age-old days of few practitioners demanding for bribe are gone. We have heard young CAs being beaten up by Income-Tax officials for refusing to pay bribe which became a serious matter and was taken up by our Institute. Now young CAs are placed in very coveted positions across the globe and can challenge any of their counterparts (accounting professionals) across the globe. Finally, I condemn the act of the corrupt CA, strongly believe that CA-Institute is going to deal with an iron-hand, request the public not to form any negative picture of CA-Fraternity and respect the "Chartered Accountancy" profession as such. Thanks and Regards, Karthik.R

We will have to sit idle............twiddling our thumbs........... Seeing the discussions on this forum, a thought passed my mind: Majority of us are reasonably well to do and comfortable since we do audits, tax audits and others related works, which are statutorily mandated. Suppose, Companies Act does not stipulate an audit, or removes the audit for companies with certain capital or turnover norms or Cost Accountants allowed for Income Tax Audit u/s 44AB(this is prevalent in UK,Canada,Pakistan and other countries), tax audit turnover limits are raised, or similar things happen - what will be our position? The work flow will suddenly slow down or stop - we will have to sit idle, doing nothing worthwhile. Can you envisage such a scenario? Can we have some opinions please?

I strongly believe .. futur of a Chartered lies in VALUE ADDITION & not COMPLIANCE ...

See mr. Jagdish Ahuja, I donont knwo which profession u belong to but the way are u r puttin forth ur thought u donot seem to be a professional at all. and as far as media rights are concerned u can discuss this issue all over the wolrd but not if forums like this because its not for that purpose . Believe C'A"s are not fraudsters they its people who want to evade taxes motivate few gullible personalities to do the wrong (u might be one of them) So if u want to critcise a profession pls go else where with ur ego maniac thoughts

vikas sharma most of our practicing colleagues unfortunately are involved in this.. even if CNN did not show this, it was a commong perception any way.. so am a little surprised... What has ICAI done to clear this perception till now... or for that matter to improve so that CA's compete with Cost Accountants or IIM graduates ... we still have ICAI producing people who should only audits and certifications.... So my fellow CA we both are ashamed but we have no one else but ourselves to blame.... Govindan I am also really worried in future of CA practioner.

Its good to point out these details. Every fraternity has its own strengths and weaknesses. We are serving nation for last 60 yrs. and when u will compare the good services provided by us to these frauds, u will find out that where we are. Far ahead than others. Look things in right perspective. Be sensible. Dont react like an immature person. It tells many things abt u.Be responsible. Be Indian

I stil believe that handful of people can not decide a fate of profession especiallly profession like CA which is aruguably no. 1 profession in indian in commerce field However, Mr. Pankaj, tax evasion is being not only by CA in practice but also by other professional members as well Its just that the case has been highlighted at a news and is being hyped at this place. I totally agree with Shekhar that this profession has brought lot of laurals to country and our members are respected world over. As far as competing with CWAs and MBA's in concered believe me in long run CA's are far ahead of CWA's (normally with few exceptions) and only handful of MBA's command better salary that CA's beacuse of their institutes rapport. More ever since ICAI has initiated efforts to launch placemnent of CA's salary packages for CA's are soaring. Mr. Pankaj IIM Graduates earn not because they belong to IIM but becasue they have potentional to earn the same. CA is one of the most respected profession world over and will ever will be .......

There is an urgent need to MOF to amend the definition of accountant under section 288(2) and including members of ICWAI as accountants in line with various other acts and also allow the members holding COP of ICWAI to certify accounts under Section 44 AB.The rightful place has been denied for ICWAI member since 1984 for obvious reasons. Wisdom and reason should prevail in the overall interest of the nation. MBAs in finance and Post graduates in accounting and finance should be allowed to act as tax practitioners.They should also in addition to CA/ICWAI members allowed to act authorised representative and ICWAI member should be allowed to represent a case of the client in the national tax tribunal in addition to CAs/Advocates. Ultimately it is the market that decides who is the right fit for the job, provided we have the right regulatory framework governing the ethical and proficiency aspects of the profession. CAs, dont feel insecure. if you good, u will survive in market. This is necessary as per global practice.CWAs has already proved themselves in customs and excise audit as per sec 14AA.