PM Modi against Tax Audit or against CA ?

8
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PM Modi against Tax Audit or against CA ?

8 COMMENTS

  1. He didn’t mentioned about conditions for no audit upto 5 cr of turnover.

    For that also business man will need to consult with CA 😂

  2. SIR Limit of Tax audit u/s 44AB is increased to 5cr. My client an architect his professional receipts for the yr ended 31 -03-2021 is about 1crores whether he comes under Tax audit.

  3. Good decision taken by Govt increase tax audit turn over because it will great help to SMEs and also great boost for start ups also one thing more Govt should think about in tax Audit conducted by CA only it should given to other professionals body like CMAs they also having same knowledge compared to CA and its helps to govt for collection more taxes and it will make healthy competition and transparency, effective in tax audit and tax collection because CAs are doing Financial audit and same profession doing tax audit there is no transparency and Gove should think about it.

  4. It is very urgent to include CMA as a tax auditor because CMA having same knowledge compared to CA. It is true that monopoly of CAs causes revenue loss to the govt and it is also harmful for the society.

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