Budget Speech
June 18th, 2007 by Arun Kumar Agarwal
At present, a registered dealer whose annual turnover exceeds Rs. 40 lakh has to submit an audit report by a Chartered Accountant. The dealers have expressed difficulty in obtaining the services of Chartered Accountants in all cases. I, therefore, propose to make an amendment in the rules, which would allow the dealers to submit audit report by Cost Accountants also. This will help the dealers submit the audit reports in time.