Re: [aurangabad_ca] EFFECT OF 44AB BUDGET AMENDMENT ON SMALL CA FIRM

Friday, February 26, 2010 9:00 PM By Livemail

 

The demand from Trade and ITPs to increase the turnover up to 2 crores. Increase upto 1 crore was overdue for last 3-4 years, so comparatively its not so bad. 

--- On Fri, 26/2/10, anurag agarwal <caanuragagarwal72@gmail.com> wrote:

From: anurag agarwal <caanuragagarwal72@gmail.com>
Subject: Re: [aurangabad_ca] EFFECT OF 44AB BUDGET AMENDMENT ON SMALL CA FIRM
To: aurangabad_ca@yahoogroups.com
Date: Friday, 26 February, 2010, 5:36 PM

 
you better know, that these 15 parties will show turnover of 60 now.
hence no loss

On Thu, Feb 25, 2010 at 10:04 PM, CA. PRAMOD PARMAR <prpca2004@gmail. com> wrote:
 

Dear Members,
 
FM has increased Tax audit limit from 40 to 60 lacs
 
When I checked the no. of clients whose turnover is between 40 and 60 lacs it came to 15 parties
 
that means these parties are out of TAX and Vat audit for AY 2011-12
 
So our practice is reduce by 15 Tax and vat audit
 
Since they are prop. also TDS compliance is out
 
Direct effect of budget 2010-11 on my prof. fees
 
There are many CA Firms whose small client will be out of Audits
 
There is reduction in audits
 
any other areas for practice?
 
Regards,
CA P R Parmar
 
 



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