ICSI urges Inclusion of Company Secretary in the Definition of ‘Accountant’ [Read Letter]
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The Institute of Company Secretaries of India ( ICSI ) has urged inclusion of Company Secretary in the definition of ‘Accountant’ given under explanation to Section 288 (2) of the Income Tax Act, 1961. The ICSI is a premier professional body established under an Act of Parliament, namely, the Company Secretaries Act, 1980. The ICSI has on its register over 58,000 members and around...
The Institute of Company Secretaries of India ( ICSI ) has urged inclusion of Company Secretary in the definition of ‘Accountant’ given under explanation to Section 288 (2) of the Income Tax Act, 1961.
The ICSI is a premier professional body established under an Act of Parliament, namely, the Company Secretaries Act, 1980.
The ICSI has on its register over 58,000 members and around 3, 50.000 students.
In a letter wrote by CS Ranjan Pandey to Finance Minister Nirmala Sitharaman has submitted that, a Company Secretary is a competent professional and is provided exhaustive exposure by the ICSI through compulsory coaching, examinations, rigorous training and continuing professional development programmes, and is governed by the Code of Conduct contained in the Company Secretaries Act, 1980.
The ICSI has also submitted that, Company Secreratries are equally equipped to be included in the definition of Accountant under explanation to Section 288 (2) of the Income Tax Act, 1961.
To Read the full text of the Letter CLICK HERE