At the same time, I agree with Punit as well.

Punit, the reason why you are not able to see what you are looking for is the poor leadership of ICAI. If you read the open letter to ICAI president written by our past president Mr. Sunil Talati and the recent events of booth capturing etc, you will realise that some wrong people are in the leadership of ICAI and many characterless people have become members of ICAI.

When such things happen, it is very obvious that there will be a downfall.

Agree With Krunal Raichura

CBDT AND ICAI Are separate bodies.Income tax laws are not made by ICAI or any CAs.ICAI is just following Direct tax laws.I think icai's role is very much limited within the framework of its members,students,and creation of new AS,ASS,and many other guidelines too.ICAI really helping in nation's development but it is CBDT have the ultimate power over Direct tax laws.

I would like to know the reason why CBDT denied that...

ICAI can only give suggestions which may or may not be accepted by CBDT...

Respected Maheshwariji....i truly agree with what u said...bt m not done yet

CBDT could have changed the due date considering that CA's r facing a lot of problem...!

but why it didn't...??

again i agree that govt has accepted the AS, AAS of ICAI but tell me how much involvement ICAI has in the implementation of IFRS...i think very less....

my next question -  how many members does CBDT have so that it is considered mastermind above ICAI ( which has members in Lakhs)...?

Dear Punit,

The Central Board of Direct Taxes consists of a Chairman and following six Members: -

and CBDT monitors the functioning of field offices/field formations which comprises of following:

1. Chief Commissioners/Commissioners of Income-tax
2. Director General(Inv.)/Directors of Income-tax (Inv.)
3. Director General(Exemp.)/Director of Income-tax(Exemp.)
4. Director General (Foreign Tax)/Director of Income-tax(Foreign Tax)
5. Commissioners of Income-tax (Appeals)
6. Commissioners of Income-tax (Judicial)
7. Commissioner of Income Tax (Computer Operations)
8. Commissioner of Income Tax (Audit).
9. Commissioner of Income Tax (Judicial).
10. Commissioner of Income Tax (CIB).
11. Commissioner of Income Tax (Departmental Representative), Income Tax Settlement Commission.
12. Commissioner of Income Tax (Departmental Representative), Income Tax Appellate Tribunal.

Have you ever faced the invetigation department of I T

I'm never said that CBDT is mastermind above ICAI... however, it may be..

But I said that CBDT is mastermind above ICAI President.

I'm not going to argue on the topic. Whatever knowledge I have, I replied.

If anyone has more knowledge on the topic pls put a light here.

Thanks

Present constitution of CBDT

The Chairman Mr. Murthy is a 1973 batch officer of the Indian Revenue Service, Mr Moorthy was Director-General of Income-Tax (Investigations) in Mumbai for over two years before he joined the Board in August 2008 as a Member.

Earlier, he had also served in various capacities in the Income-Tax Department in Kerala, Tamil Nadu and Maharashtra. Hailing from Kerala, Mr Moorthy holds a Masters degree in English and a degree in Law.

thank u sir....i cant beat u...kudos to u