About The Chamber of Tax Consultants
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The Chamber of Tax Consultants (The Chamber) was established in 1926 and is one of the oldest voluntary non-profit making professional organisations. It is the voice of more than 4,000 professionals on a pan-India basis. Its members comprise of Advocates, Chartered Accountants, Company Secretaries, Cost Accountants, Corporates, Tax Consultants and Students.
The Chamber, despite its vintage, is a young dynamic organisation having a glorious past and undisputedly ambitious future. The Chamber is a well-respected institution with a tradition of high integrity, independence and professionalism.
The Chamber acts as a power house of knowledge in the field of fiscal law, always proactive in contributing to the development of law and profession through research and analysis, dissemination of knowledge and proactive interaction with policy makers. The Chamber also provides professionals several networking opportunities through interactive meetings and seminars.
Professional luminaries like Shri S. E. Dastur, Dr. Y. P. Trivedi, Shri V. H. Patil, Shri S. N. Inamdar, Dr. K. Shivaram, Late Shri Narayan Varma, Late Shri D. M. Harish, Late Shri B. C. Joshi have been the Chamber’s Presidents.
For the Chamber education is the supreme power and spread of education is its motto.
The Chamber strives to be pre-eminent in upholding among the
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Knowledge sharing initiatives
The Chamber disseminates knowledge by holding high quality Workshops, Seminars, Lecture Meetings, Study Circles and Study Group Meetings, Outstation Conferences, etc. for the benefit of members which keeps them up-to-date with the latest developments in the field of tax and commercial Laws.
Keeping pace with the technological revolution, The Chamber also holds webinars on various professional subjects especially for members outside its area of physical presence. Through its various orientation and advance courses in new and emerging areas of practice, it equips young professionals to build their careers in unconventional practice areas. It functions through effective sub-committees in addition to its Managing Council which have about 300 core group members.
The Chamber also holds three offsite Residential Refresher Courses (RRCs) annually on Direct Tax, Indirect Tax and International Tax. In-depth study and close fellowship and bonding make the RRCs a ‘must attend’ for loyal enthusiasts and eager new learners alike.
The Chamber’s Journals and CTC Newsletter
“The Chamber’s Journal” which is its mouthpiece is very popular amongst the professionals and corporates as well, mainly because of in-depth analysis on topical issues (theme based). These special issues have found a permanent place in libraries of leading tax professionals.
The CTC publishes a monthly newsletter called ‘The CTC News’. This newsletter contains details of upcoming events, short details of in-house publications which are on sale and various activities to be taken up by The Chamber along with material on professional topics.
International Tax Journal
“The International Tax Journal” is a recent quarterly magazine containing insightful analysis on subjects of International tax, a practice area that has picked up significantly in the recent past and which to is expected to significantly grow in future.
Representations before Regulatory Authorities and Public Interest Litigations
The Chamber has always stood up for its members and also the tax payers at large by making effective representations before the Government and Regulatory Authorities. Its voice is respected in Government Departments and Ministries. Professionals look upon The Chamber as an institution which can take their grievances to the Court of Law, when required.
Every year, The Chamber makes at least 25 representations on issues of tax and allied laws which cause or are likely to cause hardship to the public. The Chamber was successful in getting favorable order for the Writ Petition filed before Delhi High Court, challenging, inter alia, issuance of Income Computation & Disclosure Standards (ICDS) by the CBDT and the circular thereafter. The Chamber also filed a Writ Petition in the Bombay High Court against the proposal by the Central Board of Direct Taxes (CBDT) to reward appellate authorities for ‘quality’ orders which ultimately led to the proposal being shelved.
The Chamber inter alia makes effective representation through pre and post Budget memoranda and need based representations on burning issues.
Delhi Chapter and Pune, Bengaluru and Hyderabad Study Circles
The Chamber has a vibrant Chapter at Delhi and insightful Study Circles at Pune, Bengaluru and Hyderabad which are aimed at increasing its pan India presence. The Chamber is actively looking at setting up its footprint in more cities towards this objective.
The Chamber’s Libraries and Website
The Chamber manages two libraries at prominent places like Aayakar Bhavan and Pratyakshakar Bhavan which are widely used by tax professionals. These libraries have more than 4,000 titles and subscribe to all leading tax journals /magazines and books.
The members of The Chamber enjoy a unique bond of fellowship and brotherhood which is evident in all its activities and programmes. The website www.ctconline.org has a lot of information of use to its members and is kept updated on recent developments.
Initiatives for Student Members
The Student Committee of The Chamber organises many events for students. The Dastur Essay Competition, which is an annual feature, is one of such activities where students across India and even from outside India participate with great enthusiasm. The final shortlisted Essays are ranked by Judges of Bombay High Court or Members of Income Tax Appellate Tribunal. This competition endeavours to keep the writing habit alive amongst the students who are the future torch bearers of the profession.
In order to promote and encourage mooting activities among law students, The Chamber also organises the Dr. Y. P. Trivedi Tax Moot Court Competition, an inter-college moot court hosted together with the Government Law College, Mumbai.
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