Dear readers, experts
Can any one please clarify the reason for increase of tax audit limit from Rs 60 Lacs to Rs l00 Lacs. In just 2 years the limit was increased from 40 Lacs to 100 Lacs which was intact from some decades.
Whats the ICAI doing in these regard?. In one side our presidents are saying that there is bright future of the current C.A in practice & on the other side the work is all most gone, now bank audit also gone away.
So what left with the new chartered accountants, the ICAI must seriously think over the matter.
What's icai doing to protect interest of new practicing ca?
CA. Nitin Agrawal (Chartered Accountants) (1066 Points)
21 March 2012