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Member of Parliament G. Kumar Naik has expressed concern over the Central Government's proposed amendments to the Income Tax Act, stating that the changes could adversely affect the professional services rendered by Chartered Accountantsacross the country. Speaking at a joint discussion organized b
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FAQ :
MP G. Kumar Naik is concerned that the proposed amendments to the Income Tax Act could adversely affect the professional services rendered by Chartered Accountants across the country.
The MP suggested that the Central Government should have held extensive discussions with tax professionals and industry experts before finalizing these amendments.
Chartered Accountants expressed worries about the increasing reliance on digital compliance tools and technologies, fearing it could blur professional obligations and personal life, leading to increased stress and reduced work-life balance.
The MP assured that if Chartered Accountants present a comprehensive report outlining their foreseen challenges, he would raise the matter in the Lok Sabha.
The proposed Income Tax Bill, 2025 is currently under public and parliamentary scrutiny.
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