To take over
the assets of "Income Tax Practitioners" Association vide its
Resolution dated 23rd April, 1986 and to succeed the same.
To establish closer relations
and understanding among the members of the Association.
To look after, safeguard and
protect the rights and privileges of the members of the
To establish promote and
maintain high standards of honesty, efficiency and integrity among
the members of the Association in the conduct of profession so as
to enhance the status, dignity, prestige and honour of the
To establish a code of
conduct based on high standards of professional ethics and
etiquette and to ensure its observance by the members of the
To discuss from time to time
common problems and difficulties experienced by the members in the
conduct of the profession and to strive for solving the same.
To study problems of
Accountancy, Audit, and Commercial and other Laws affecting
Taxation and to keep a close watch on the practical working of the
income Tax and other taxation laws, and in the light of cumulative
experience to approach the authorities for clarifications of
ambiguities and for removal of provisions creating hardships of
practitioners as well Tax Payers.
To foster and maintain closer
connection with various Mercantile Associations, Chambers of
Commerce and other Trade Organizations, to discuss matters
relating to Fiscal, Financial, and Taxation Policy of the
Government, to enlighten Tax Payers On Various matters affecting
their Interest and to make representations to Government and
To seek recognition of the
Association by the Income tax Revenue and other Government
Authorities as the Sole Spokesman of the profession.
To establish and maintain a
Library and Reading Room for the benefit of members and to
subscribe, to literature, Journals, magazines, periodicals and
other publications dealing with Taxation, Law, Accountancy, Audit
and Allied subjects.
To provide for social and
recreational amenities for the members of the Association.
To raise subscriptions and
donation and to accept gifts for the purpose of furthering the
object of the Association and to spend maneys in accomplishing
To purchase, take on lease or
in exchange, hire or otherwise acquire any property moveable or
immoveable which may be deemed necessary or convenient for any of
the purposes the Association.
To prints and publish any
news or views, magazines, papers, periodicals, books, pamphlets or
leaflets that the association may think desirable for the
promotion of its objects.
To manage, sell, lease,
mortgage, dispose of, or otherwise deal with all or any part of
the property of the Association.
To borrow or raise moneys is
such manner as the Association may deem fit.
To invest any moneys of the
Association not immediately required in such manner as may be
determined from time to time.
To open, maintain, adjust,
state, operate and close Banking Accounts of every descriptions,
to draw, issue, accept, make, endorse, negotiate, and deal
otherwise with all cheques, bills bills of exchange, drafts,
hundies and other negotiable instruments of all kinds.
To establish funds, trusts,
and other conveniences calculated to benefit the employees or
ex-employees of the Association or the dependents of such person
and to grant pensions, allowances, or to extend other aid.
To do all such other things
as are incidental or conducive to the attainment of the above
objects or any of them.
To render financial help to
the surviving dependents of a deceased member or to such members
as may have become incapacitated for performance of their normal
professional duties and for the achievement of the aforesaid
object to extablish such funds or float such schemes as may be
necessary and feasible.
To affiliate or integrate with any national or
regional association of tax consultants or practitioners as may
have been established for subjects similar to those of the Income
Tax Bar Association,