[aurangabad_ca] Re: {Amresh's CA's} TO ALL SBI AUDITORS

Thursday, April 1, 2010 2:00 AM By Livemail

 

We have received the e mail about this; but there was no mention about the fees being reduced to 7.5%;
 
In case it is reduced, I feel we should wrilte to ICAI beofre accepting the tax audit assignment as it may amount to undercutting; if SBI pays 7.5%, then next year all the banks may reduce the rate to 7.5%;
 
Mohamed Shafi

--- On Thu, 1/4/10, CA Vivek Khanna <vivekkhannaca@rediffmail.com> wrote:

From: CA Vivek Khanna <vivekkhannaca@rediffmail.com>
Subject: {Amresh's CA's} TO ALL SBI AUDITORS
To: vivekkhannaca@yahoogroups.com
Cc: jigarshahca@gmail.com, kcas@yahoogroups.com, kitba@yahoogroups.com, lucknowca_reinvented@yahoogroups.com, icai_circ_meerut_ca@yahoogroups.com, tripti@icai.org
Date: Thursday, 1 April, 2010, 1:21 PM

 

Dear Members,  


State Bank of India has  decided that the Tax Audit for the Financial Year 2009-10 shall also be carried out by the Branch Statutory Auditors as was being done hitherto.   


The Fee for the Tax Audit shall be restricted to 7.5% of the audit fee payable for audit of respective branch. No separate TA / HA shall be payable for LFAR / Tax Audit.


 

Regards

CA Vivek Khanna
B.COM,FCA, DISA (ICAI)
CICASA CHAIRMAN CIRC OF ICAI
Partner
M/s VIVEK KHANNA CO.
CHARTERED ACCOUNTANTS
55/09 Kahu Kothi,
Kanpur-208001
09839031710, 0512-2302238,
0512-3296213



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