Will taxes be abolished after currency ban? ICAI clarifies again

Fake audio clip circulating in social media tries to shore up support for demonetisation

GN Bureau | December 16, 2016


#ICAI   #black money   #demonetisation   #Currency ban   #social media  


How can one sustain people’s support for demonetisation when they are beginning to realise that there was zero planning behind it, none of its touted benefits are coming true, and their pain and harassment have been meaningless? One can try another promise; dangle yet another carrot. For example, that income tax might be abolished now.

An audio clip has been doing round in social media, in which apparently, Institute of Chartered Accountants of India (ICAI) president M Devaraja extolls virtues of demonetisation, and foresees abolition of personal income tax among other follow-up moves from the government.

However, the institute has been forced once again to clarify that this clip is fake. It issued a clarification on December 9 and again on December 16.

“A fake audio clip containing views on economic matters, inter alia, demonetization, tax reforms etc. is in circulation on Social media including Whatsapp in the name of CA. M. Devaraja Reddy, President, ICAI has come to notice of ICAI,” it said.

“It is clarified to public at large that the said audio clip is fake and the voice therein is not of CA [chartered accountant] M Devaraja Reddy, president, ICAI. The views expressed in the said audio clip do not represent the views of CA M Devaraja Reddy or of ICAI.”

The press statement from the institute adds, “As part of nation building, Indian accountancy profession has been acting responsibly offering its complete support to the Government of India in its initiatives, particularly those relating to economic reforms.”

 

Comments

 

Other News

Kodnani’s acquittal raises doubts about criminal justice system

 Maya Kodnani, a BJP leader who was the MLA from Naroda when this locality on the outskirts of Ahmedabad witnessed one of the most gruesome episodes during the Gujarat riots of 2002, was acquitted by the Gujarat High Court on Friday. Her acquittal in the Naroda Patiya massacre case is only a sequel to

BMC took nearly 48 days in resolving one complaint

The number of civic complaints with BMC has increased from 61,910 in 2015 to 92,329 in 2017, which is 49% in two years. A report titled ‘Civic Issues Registered by Citizens and Deliberations done by Municipal Councillors in Mumbai’ released by Praja Foundation has found some interesting facts a

Who is Atishi Marlena?

Atishi Marlena is among the nine AAP functionaries who were dismissed by the union home ministry asserting that their posts were created without the approval of the centre. Marlena, served as education advisor of the Aam Aadmi Party (AAP)-led government in Delhi. While she was intrumental in improving the

Leadership? Learn it from Jaising, Ambani, Doshi

The Fortune magazine has named three Indians – lawyer Indira Jaising, industrialist Mukesh Ambani and architect Balkrishna V Doshi – among the world’s greatest fifty leaders.

Energy as the new value system for redesigning daily life

Remember Kardashev scale? For the uninitiated, it’s a method of measuring a civilization’s level of technological advancement, based on the amount of energy it is able to use for communication. We will get to its unconventional relevance to the big urban questions at the end, but just keep it a

48 MLAs, MPs have declared cases of crime against women

Out of 1580 MPs and MLAs with criminal cases, 48 (three MPs and 45 MLAs) have declared cases related to crime against women. The Association for Democratic Reforms (ADR) and

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter