https://www.taxtmi.com/circulars?id=11918 The memorandum permits multiple-branch authorised money changers to adopt a system of Concurrent Audit covering eighty per cent of transaction value on a monthly basis and the remaining twenty per cent value on a quarterly basis, modifying the prior requirement that all multiple-branch AMCs have monthly audits; single-branch AMCs above the existing turnover threshold remain subject to monthly audit requirements, and all other prior instructions continue to apply. en-us Wed, 07 Nov 2012 00:00:00 +0530 Thu, 08 Nov 2012 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11918 The memorandum permits multiple-branch authorised money changers to adopt a system of Concurrent Audit covering eighty per cent of transaction value on a monthly basis and the remaining twenty per cent value on a quarterly basis, modifying the prior requirement that all multiple-branch AMCs have monthly audits; single-branch AMCs above the existing turnover threshold remain subject to monthly audit requirements, and all other prior instructions continue to apply. Circulars FEMA Wed, 07 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11918