As tech simplifies tax compliance, CAs worry

The Union Budget proposals to simplify tax compliance, while good for tax payer, is causing worry to a section of the Chartered Accountancy (CA) professionals. From pre-populating income tax returns, raising annual turnover limit to Rs 5 crore for quarterly GST returns, and offering free accounting software for return preparation, are a few budget announcements expected to affect business of small audit firms, as clients find it easier to do it themselves.

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