With the deadline for filing income tax return for FY23 fast approaching, chartered accountants are in demand. However, X (formerly Twitter) is abuzz with tales of people reluctant to pay CAs their fair due.
One such tweet that went viral is about a CA’s friend who thought Rs 5,000 is a lot to pay a CA for a one-hour job.
“A friend has salary income of 30L+ & ESOPs, crypto tax, tuition fee etc. Referred him to a practising CA for his ITR who quoted Rs 5,000. “He’ll just take 1 hr. ₹5,000 is too much”,” ” tweeted Kanan Bahl to his over 54,000 followers.
Bahl further said the CA takes one hour to file ITR because he studied six years in CA and has been practising since four years.
“It takes him 1 hr now but he has spent 6 yrs in CA, 4 yrs in practice to do this in 1 hr. Saying that it’s too much for 1 hr, is not right,” Bahl further tweeted.
More than 6.5 crore income tax returns for 2022-23 fiscal have been filed so far, with 36.91 lakh ITRs being submitted on Monday until 1800 hrs, which is the last day for filing of returns by individuals and entities that are not required to get their accounts audited.
The e-filing portal has witnessed more than 1.78 crore successful logins till 6 pm, the I-T department said.
”More than 6.50 crore ITRs have been filed so far (31st July), out of which about 36.91 lakh ITRs have been filed today till 6 pm!” the tweet said.
The last date for ITR filing by salaried persons and entities which are not required to get their accounts audited ends Monday at midnight.
Last year, about 5.83 crore income tax returns were filed till July 31.
