BIRTH OF THE FEDERATION
Inspired by the ideology to have a common platform for all those who practice taxation laws, irrespective of their individual affiliations and to enable them to share the benefits of their learning and sharing of knowledge, eminent professionals from the fields of Direct and Indirect Taxes conceived the idea of establishing an All India body for the tax practitioners. It was at the opening ceremony of the National Conference held on 11-11-1976 organised by The Chamber of Income Tax Consultants, Mumbai under Presidentship of Shri B. C. Joshi, that the doyens of the Professionals christened the Association in the presence of former Chief Justice of India, Hon’ble Justice J. C. Shah, distinguished Jurist Padma Vibhushan Dr. N. A. Palkhivala Senior Advocate and Shri Ram Rao Adik, Senior Advocate, Advocate General of Maharashtra. Shri N. C. Mehta, Chartered Accountant, Mumbai, was elected as Founder President of the All India Federation of Tax Practitioners (AIFTP) of and Shri P. C. Joshi was elected as Secretary General. The AIFTP has completed 44 glorious years of its existence.
The main object of AIFTP is to spread education in the matters relating to tax laws, other laws and Accountancy.
HEAD OFFICE AND ZONES
The AIFTP has a well-equipped registered Head Office at 215, Rewa Chambers, 31, New Marine Lines, Mumbai-400 020. The total strength of National Executive Committee Members is 75 headed by a National President, with a Deputy President, five Vice-Presidents, a Secretary General, five Joint Secretaries & a Treasurer. Presently the National President is Mr. M. Srinivasa Rao, Tax Practitioner from Eluru (Vijaywada) and Mr. D. K. Gandhi, Advocate from Ghaziabad is the Deputy President.
For efficient functioning, for ease of administration and to give wider representation, the AIFTP is divided into five zones namely Central Zone, Eastern Zone, Northern Zone, Southern Zone and Western Zone. Each Zone is headed by a Chairman supported by Vice Chairman from each State to which Zone represents, One Secretary and two Joint Secretaries and Treasurer as Office Bearers. The term of the Zonal Office Bearers and Managing Committee coincide with the terms of the National Executive Committee.
The membership of the AIFTP comprise of Senior Advocates, Advocates, Solicitors, Chartered Accountants and Tax Practitioners, Practicing Direct & Indirect Taxes, from all States in the Country. Its members enjoy a strong bond of fellowship leading to fraternal brotherhood amongst professionals. The AIFTP is the symbol and spirit of National Integration. As of today, the AIFTP is the only voluntary professional organisation of our country which has 138 Professional Associations as its affiliated members and more than 8800 individuals as life members from 28 States and 4 Union Territories. It also has on its roll, Associate and Corporate Members. It is a unique association at the National level.
For conducting regular educational activities, the AIFTP has various Sub-Committees such as Journal Committee, Law & Representation Committee (Direct & Indirect Taxes), ITAT Bar Associations’ Co-ordination Committee, Membership Development, Times Committee, etc.
The AIFTP publishes a monthly Journal covering the latest reported & unreported decisions of the Supreme Court, High Courts and Income Tax Appellate Tribunals including the articles, opinions and latest developments on direct and indirect taxes by experts in the field. The unique feature is that every quarter, it publishes the gist of Important Case Laws published in 33 Tax Magazines, www.itatonline.org from across the country. Yearly digest of case laws from 2012 onwards are also available on the website i.e. www.aiftponline.org which can be downloaded by the members and tax professionals.
AIFTP publishes a monthly newsletter called AIFTP TIMES which is sent to all the members free of charge. Newsletter contains important notifications, circulars and other topical information apart from various activities of the AIFTP.
AIFTP website i.e. www.aiftponline.org, is an informative source for the members. The website is regularly updated by a team of dedicated professionals. The Journal and Times are uploaded every month on our website. Everything is online now, you can apply Membership, Journal Subscription, ID card fee through our website online.
REPRESENTATIONS AND PUBLICATIONS
AIFTP has been making representations for better tax law and tax administration. AIFTP and Associate members have filed more than 35 Public interest petitions before various Courts for better administration of tax laws and to uphold the independency of judicial forums. AIFTP regularly sends Pre and Post-Budget Memorandums. Many of the suggestions and the recommendations are accepted. It regularly publishes books in simple language and question-answer format at a low cost. It has published more than 43 publications till date. Its first e-publication on the subject of Direct Tax Vivad se Vishwas Scheme 2020 and the same was released on 22-04-2020.
AIFTP in association with Income Tax Appellate Tribunal Bar Association, Mumbai has published a publication named “Digest of Case Laws — Direct Taxes (including allied laws) (2003-2011)”, to Commemorate the 150th Year anniversary of the Bombay High Court. In the year 2015, “Interpretation of Taxing Statutes – Frequently asked questions”, which was dedicated to Honourable Mr. Justice S. H. Kapadia, former Chief Justice of India, (2017) Income tax Appellate Tribunal – A Fine Balance, Law Practice, procedure and conventions – Frequently asked questions – Dedicated to Padma Vibhushan Late Dr. N. A. Palkhivala, Senior Advocate. AIFTP has published a publication titled (2018) “311 – Frequently asked questions on Survey – Direct taxes – Dedicated to Honourable Justice late Dr. B. P. Saraf, Former Chief Justice of Jammu and Kashmir High Court. (2020) “151 Land mark judgements of the Hon’ble Supreme Court of India – 151 years of Mahatma Gandhi” on the auspicious occasion of 151st birth anniversary of Father of the Nation Mahatma Gandhi. This publication dedicated to Honourable Justice late Dr. B. P. Saraf, former Chief Justice of Jammu and Kashmir High Court.
CONVENTIONS & SEMINARS
AIFTP jointly with the Association Members, organise National Seminars, Conferences and Conventions in various parts of the Country to update its members on Direct and Indirect Taxation. A unique feature of the AIFTP is that its faculties, chairmen, trustees, office bearers and members of the National Executive and Zonal Committees pay a registration fee and bear their own travel and stay expenses. From April 2020 to September 2020 during the period of Covid-19 Pandemic, the AIFTP has conducted more than 110 Webinars on various subjects and all webinars were without any charges. AIFTP as an association with the help of their members have contributed an amount of Rs. 11 lakhs to the Prime Minister Cares Fund. In the year, 1999 the AIFTP had published a publication titled “NRI – A Legal companion” which was dedicated to the War Heroes of Kargil and the entire surplus of the said publication was handed over to the Defence fund.
AIFTP members have sponsored various awards in memories of their respective parents in various categories i.e. Best Conference, Best Zone, Best Chairman, Best Upcoming Speakers, etc.
NANI PALKHIVALA MEMORIAL NATIONAL TAX MOOT COURT COMPETITION & RESEARCH PAPER COMPETITION
For the development of the Tax Bar, the “Nani Palkhivala Memorial National Tax Moot Court Competition” and “Research in Tax Laws” was organised till 2013 under the banner of “Palkhivala Foundation” at Mumbai, wherein every year students from more than 25 leading law colleges of India participated in the competition and more than 100 Law Colleges were participated in the Research Competition.
Now, Eastern Zone has started the Moot Court Competition in their zone in memory of Late Justice Dr. B. P. Saraf since 2014.
INTERNATIONAL STUDY TOURS
Since 2004 AIFTP conducts regular International Study tours, in the first study tour a seminar was held at Law Society of England and Wales on 24-04-2004, wherein a publication titled “India-A Global Business Destination” was released at England.
Being Ethics are a way of life, AIFTP has voluntarily adopted the Code of Ethics in its Constitution for its members.
On request of the Federation, the Government of India has released Commemorative Postage Stamp in Memory of Padma Vibhushan Late Dr. N. A. Palkhivala, Senior Advocate on 16th January, 2004. The then Hon’ble Prime Minister of India, Shri Atal Bihari Vajpayee released the Commemorative Postage Stamp at Mumbai.
The Federation was earlier affiliated to the Asia Oceania Tax Consultants’ Association (AOTCA), Japan & had organized the First International Tax Conference at Mumbai from 19th to 21st November, 2009, representing 14 countries wherein 105 delegates enrolled, including 55 foreign delegates.
Today, AIFTP is considered a National Integration of Tax Professionals of India. AIFTP have many eminent professionals as members, some have been elevated as Judges of the Supreme Court, High Courts, and Tribunals.
Many members of the Federation have been appointed to the office of the Solicitor General of India. Most of the leading Senior Advocates, Advocates who practice on Direct or Indirect Taxes, many past Presidents of Institute of Chartered Accountants of India, Chairman and member of Bar Councils of various States, leading Lawyers, Chartered Accountants and Tax Practitioners of our country are esteemed members. We have a great potential and ability to grow as a global association. The Federation is making an honest attempt to develop a strong Tax Bar for our country, which will be able to compete in International Tax Practice. Thus, the Federation is serving the Tax Professional Community and to the nation as a whole from last more than 45 years.
On 11-11-2016, on the occasion of completion of 40 years of the AIFTP a publication and a short film titled “40 Years of Milestones and Beyond” was released by the AIFTP which contains the history of the AIFTP. The same is available in our website. The link for the same is https://youtu.be/jNOrF1bhgnI
With active support of the members of the AIFTP the flag of the AIFTP will fly high for the times to come.