The Finance Ministry has released a revised and comprehensive “Direct Taxes Code 2013″. The said Code contains several significant changes with far-reaching implications to the law and practice of income-tax. The Code also seeks to make the law more simplified and comprehensible. There is specific emphasis in the Code on measures to tax tax evasion. The Finance Ministry has also issued a paper highlighting the salient features of the Direct Taxes Code 2013Source: ITAT Online
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I am unable to understand y ca's has soo much problem if cs are in d definition of accountant. Ministry is not snatching their rights but allowing scope for other statutory professional bodies.
Y dey r gttng fear from it.