Page 39 - Quick Insights Book 2022

Chap. 7 – Direct Taxation

16. Providing advice to non-residents regarding royalty, In addition to above, the assessee is required to furnish various
interest, fees for technical services, other related statements and forms which prepared, verified and filed by the
services including litigation. chartered accountant like form 67 etc.
17. Verification of all payments to non-resident vendors There are so many other opportunities available in direct tax
for the purposes of determination of applicable rates field. Because the government is having huge information from
and category for deduction of withholding taxes and various sources and the same is required to be verified. This
preparation and filing of form 15CA and/or 15CB. will increase the opportunity for a chartered accountant in the
field of direct taxes.
18. Defending penalty and prosecution notices.
19. Valuation of assets and entities for various purposes.

20. Submission of Specified Financial Transactions (Form
61A, Form 61B).

21. Getting advance ruling order for specific transaction.

Important Links
• Members may Refer list of publications issued by Direct Tax Committee of ICAI at
https://www.icai.org/post/icai-publications-direct-taxes-committee
• Council Guidelines on Tax Audit Limit at https://www.icai.org/post.html?post_id=10354

26 Quick Insights on Professional Opportunities for Chartered Accountants