After gaining more recognition in the Companies Bill, Company
Secretaries are now eyeing a share of income tax related work to further
their professional interests.
The Institute of Company Secretaries of India (ICSI) has urged the
Government to consider company
secretaries within the meaning of
‘accountants’ under the proposed direct taxes code.
If this was to happen and a new tax code gets enacted, then company
secretaries would be able to appear before income tax authorities on
behalf of their clients.
Company Secretaries are also looking to undertake certification work under the income tax law, it is learnt.
A formal letter to the Finance Ministry has been sent by ICSI in this
regard, sources in the company secretaries’ institute said.
The Companies Bill, which has been recently passed by Parliament, has
recognised Company Secretaries as key managerial personnel.
It has also made secretarial audit mandatory for listed companies and
such a class of companies as may be prescribed – taking company
secretaries closer to their cherished goal of becoming governance
professionals.
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