The 2F Saral – bonanza for CAs
The Chartered Accountants can now open special counters. Soon you may see billboards and ads “form 2F – saral – filled here” It is now an accepted fact that no individual assessee will be able to fill in the new simple form without the assistance of an experienced CA. The salaried class is an anguished class. They cannot understand why they are singled out for bad treatment by the Income Tax department when they are the most honest (by compulsion if not choice) income tax payers in the world. CAs are already being approached with questions like how to account for cheque payment, cash transactions and provide details on a host of minor expenses in the form.
Meanwhile the Institute of Chartered Accountants of India (ICAI) has planned a joint initiative with the IT department to assist small tax payers. Officers from the IT department would be available at the office of ICAI and guide the public in filing returns to any other queries. This mobile ITO at the CA’s institute is likely to be effective from 1st July.
The best test would be to call a press conference and have a few Secretaries to the Government and a few Income Tax Chief Commissioners to fill up the form.
The CA curriculum is all set for a change with reduced content and term. With so many new forms in the anvil, we need more CAs and fast.
The Income Tax press release says, The Income-tax Department would like to encourage taxpayers to use this Form so as to serve them better.