Business transaction tax

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Nikhil (Querist)
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14 January 2014 Will the coming business transaction end the scope in chartered accountancy...since...there will be a single tax,therefore no audit will be required and thus no need to maintain books of accounts....

Nikhil Kaushik

Nikhil Kaushik (Expert)
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14 January 2014 ya...if it happens then yes...but it going to happen any time soon...another problem of banking transaction tax is that it will result in a huge shift of economy to black market/cash market...so somewhere down the line audit will anyways be required to check the validity of the transactions..

bhai tension lene ka nahi...hum CA log kuch na kuch dhund hu lenge..

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