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Guv Cautions Aspiring CAs against Aiding Tax Evasion

Recognising chartered accountants as an important part of the country’s growth process, ESL Narasimhan cautioned young, aspiring CAs against aiding tax evasion.

Published: 05th December 2014 06:13 AM  |   Last Updated: 05th December 2014 08:13 AM   |  A+A-

Tax-Evasion

HYDERABAD:  Recognising chartered accountants as an important part of the country’s growth process, Governor of Andhra Pradesh and Telangana ESL Narasimhan cautioned young, aspiring CAs against aiding tax evasion.

“Never advise your clients to evade taxes. You must understand that apart from a commitment to your client, you also have a commitment towards the nation. You can work within the framework of the law and try to minimise taxes for your clients, but should never try to assist tax evasion,” Narasimhan said after inaugurating the all-India conference for CA students in the city on Thursday. The conference is being organised by the Hyderabad branch of South India Regional Council (SIRC) of the Institute of Chartered Accountants of India on Dec 4 and 5.

“CAs must never compromise on personal and professional integrity. Economic offenders are at large in the country and the long arm of the law will catch up with them at some time,” Narasimhan pointed out. The governor also felt that the profession was being challenged by business managers and MBA graduates, who have more skills to deal with the present situation.

Acknowleding the highly competitive environment of the present education system, the Governor rued, “Sadly, we are compromising quality with quantity. We talk of numbers today and try to fill our institutions with more numbers.” The Governor also advised youngsters to keep in sync with the times and evolve accordingly and cautioned against being stuck in age-old times.

“You are welcome to explore opportunities abroad but always keep in mind that you are contributors to the nation’s economic growth,” he said. The two-day conference will include technical sessions on Companies Act 2013, auditing etc.



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