[aurangabad_ca] Amendment in Budget 2010 reqd
Dear All,
Since mid 80s every thing has gone up many times.
The Zero Tax slab, 80C exemption, Petrol price, Inflation, Population, GDP, per capita income and you name anything.
But only two things that remained static in Income Tax is cash exp & TDS limit of 20,000 and 44AB audit ceiling of 10 lakhs for professional and 40 lakhs for other.
This is highly ridiculous.
I hope and request the FinMin to at least increase them by 2.5 times that is:
Cash payment & TDS exemption 50,000.
44AB Audit to Prof: 25,00,000 and others 1,00,00,000
These will reduce unwanted paper work with the department also.
Sivaraman V
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AURANGABAD_CA is a Yahoo Group for the benefit of CA and other professional. It is especially meant for written discussion within group members and circulate the information among its members. The mail may contain such research/advice/opinion/information/fact provided by any member or moderator and every contain of the mail or information of yahoo is always subject to the Accuracy and of the description of facts.
The Aurangabad_CA , its moderator/owner do not claim that contains in mail/information obtained after reading as a complete and accurate disclosure of relevant fact(s).
Considering all above facts m the transaction based on above mail may not complete without confirming proper statue/authority/person. Therefore any action/transaction taken on basis of this mail do not imply the accuracy or value . Further this Group's Owner/Moderator/Member are not liable for any damages or costs suffered due to action/transaction based on information on this Yahoo Group.
For Seeking any Clarification you may mail only to Group Moderator on
girishkulk@gmail.com
.
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