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

Friday, February 26, 2010 7:26 PM By Livemail

 

Dear Sh Ajit Desai,
 
I hope that the parties will increase their turnover as well as net profit due to revised income tax slab. But, the turnover will be badly effected when GST will become applicable.

CA. Chiranjiv Sodhi
B.Com, FCA, DISA(ICA)
Partner:
SODHI & ASSOCIATES
CHARTERED ACCOUNTANTS
131-VIRAT NAGAR, MODEL TOWN, PANIPAT (HARYANA) 132103
PHONE:  098125-06464
 
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CA:  Two Alphabets of TRUST
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--- On Fri, 2/26/10, FCA Manish <cmanishiyer@gmail.com> wrote:

From: FCA Manish <cmanishiyer@gmail.com>
Subject: Re: [aurangabad_ca] EFFECT OF 44AB BUDGET AMENDMENT ON SMALL CA FIRM
To: aurangabad_ca@yahoogroups.com
Date: Friday, February 26, 2010, 5:07 AM

 
Dear CA Parmar,

There are many areas of practice. It is just we should be open. The limit of Rs.40 lac was too little to justify the costs of an audit with quality and compliance with audit standards. It is good as we can now charge higher fees and also increase the quality.

-- 
Regards,
FCA Manish
FCA, DISA(ICAI), DipIFR(UK)
 +919825286903  +919825286903
Follow my tweets at http://twitter. com/cmanishiyer


On Fri, Feb 26, 2010 at 16:39, Ajit Desai <ajitdesai27@ gmail.com> wrote:
 
Dear
Don't worry all u'r parties will increase in turonover,

On Fri, Feb 26, 2010 at 3:34 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
 
 



--
Ajit K Desai
A/12,Prabodh, Sec-2,Shantinahg ar,
Mira Road(E)-401107.
022-28114379, 9322570031






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