The Karnataka State Chartered Accountants Association has written a memorandum seeking changes in the Union Budget 2021-22 Proposals, wherein they have highlighted some of the issues that are being/will be faced by taxpayers, together with suggesting solutions for the same. Read the official representation letter below:
Date: 24th February, 2021
Smt. Nirmala Sitharaman
Hon. Union Minister of Finance and
Government of India
SUBJECT: MEMORANDUM SEEKING CHANGES IN UNION BUDGET 2021-22 PROPOSALS
The Karnataka State Chartered Accountants Association (R) (in short ‘KSCAA’) is an association of Chartered Accountants, registered under the Karnataka Societies Registration Act, in the year 1957. KSCAA is primarily formed for the welfare of Chartered Accountants and represents before various regulatory authorities to resolve the professional problems faced by chartered accountants and business community.
At the outset, we congratulate and applaud sincere efforts of Union Government and your goods selves for undertaking and laying down a progressive, optimistic and growth oriented Union Budget 2021-22 which has all enablers to transform India to a truly Atmanirbhar Bharat, amidst unprecedented situations and global & domestic economic slowdown caused by Covid-19 pandemic. This Union Budget can indeed be connoted as rarest budget and so also the budget of this century.
We here in, would like to bring to your kind notice few of the issues which might be faced by taxpayers and Chartered accountants as regards certain specific proposals made in this Union Budget, 2021-2022. In the past, we have written to your good selves many a times populating various issues, challenges and hardships being faced by taxpayers and Chartered Accountants and suggested possible solutions on the same. Here in, we are presenting before your good selves for your kind consideration certain issues, challenges and hardships which the taxpayers and Chartered accountants might face on these proposals of this Union Budget 2021-22. For every issue, challenge or hardship highlighted, we have also suggested solutions to address them all.