Chartered Accountants gathered at a seminar on Saturday expressed their concern on rising number of financial crimes and focused on the changing role of chartered accountants in changing times like these.
They also discussed about Direct Tax and implications of Article 147 of Companies Act, 2013 while calculating income tax.
President of Direct Tax Committee and Public Relations Committee and Central Council Member of Institute of Chartered Accountants of India (ICAI) CA Naveen ND Gupta said on the occasion that Article 147 was extremely important at the time of Income Tax calculation of any individual or company.
“We must keep on seeing whether no income is left out of calculation, because every single transaction is coming under Government lens now,” said Gupta.
Central Council Member and Vice President of Information Technology Committee of ICAI CA Manu Agrawal said that around 95 per cent of the financial crimes were related to Information Technology. He also shared techniques about controlling crimes in electronic transactions.
CA Manisha Biyani, CA Sandeep Kumar Jalan, CA Manish Jain and dozens of professional chartered accounts were present in the seminar on Direct Tax, Forensic Audit & Companies Act, 2013 by ICAI.