Union Finance Minister Nirmala Sitharaman recently commented that the introduction of technology in account keeping has made the job of chartered accountants easier and has streamlined the system, while she was addressing a gathering at The Institute of Chartered Accountants of India, Bangalore.
The finance minister appreciated the efforts of accountants to keep the books balanced and stable during COVID-19 disruptions and related moratoriums paid to companies during the pandemic, sovereign guarantee loans etc.
“When prefilled forms come from the board, the CBDT, you breathe a sense of relief and your client also says, Oh my God, yes, I did forget this one, yes, it has to be included. Or he says no, no, this is not mine, please go back and check it out. So there is a lot of trust coming in in this whole exercise where the government trusts taxpayers, wants to take them on board…” Sitharaman Said.
Jocularly, over introduction of technology in the accounting system she said that “My God, your profession would want to be chopping my neck off. I didn’t mind because I can understand”.
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