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Audit Experience 2007

CA Nikita (Chartered Accountant) (4158 Points)

15 October 2007

Hi!!

I wanted to know, how was the experience of audit this year. Whether the motto of Mr. FM to make laws easy have succeeded or whether the compliances are still tedious and unwanted...??? With all new ITR's at a go brought in by the IT dept, and online submissions.. whether things have been streamlined for us CA's or it has been made more complicated???

We are moving ahead no doubt with the help of technology but are we still lacking in expertise to make the best out of this change???

Dear members think about it... and do write me your views!!

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2 Replies

Prakash Popat (3134 Points)
Replied 15 October 2007

Dear Nikita, Start with Your Own View,Did you Got Job satisfactions?We R Slave of Outdated,Irrelevant,Incongruence,and Illogical acts,rules,circulars,notifications,case laws ..................etc,and Making our Young Generations to copy down the same habits,Ultimately nobody is looking after real requirements of talents and knowledge to be channelized.Inefficient corrupt hand supervising bigger infrastructure projects,whether it be in any industry.Only Criminal Laws should exist,apply and strictly enforce.We have no workforce to do the very demanding jobs in this country,C the Transportation Problems...........One Country C their Populations as Resources and We C populations as our liabilities and created NRI category,which not exist anywhere in world.Do we call the move as our Knowledge?Knowledge must Get reflected through beauty of the city.We have to think entirely differently.

Shaily Jain (Chartered Accountants) (1054 Points)
Replied 15 October 2007

my experience is just mixed up...bcoz of new IT forms my CA also does not about that forms so i suffered but it's very knowledgable....n online filing can be relaxed very much provided server do the work properly means processing speed should be fast