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Audit regulator NFRA: Audit regulator NFRA slaps Rs 50 lakh penalty on chartered accountant for lapses

Highest penalty of Rs 50 lakh in recent years was slapped by NFRA on a chartered accountant for professional misconduct that enabled business services provider Quess Corp to claim undue income tax deduction of almost Rs 971 crore over three years. Subsequently, NFRA looked into the professional conduct of the chartered accountants and their firms involved in the certifications that formed the basis of the income tax deduction claims.

Pawan jainNational financial reporting authorityQuess corpKumar jain associatesKumar jainIncome tax actDirector generalIncome taxAudit regulator nfraChartered accountant

NFRA slaps Rs 50 lakh fine on auditor for professional misconduct in Quess Corp case

In August 2022, Director General of Income Tax (Investigation), Bengaluru, had shared information about the claim of deduction under Section 80JJAA of Income Tax Act totalling Rs 1,135.41 crore by Quess based on Form 10DA issued by two chartered accountants for 2016-17, 2017-18, 2018-19, 2019-20, and 2020-21.

Pawan jainNational financial reporting authorityQuess corp ltdQuess corpDirector generalIncome taxIncome tax actAssessment yearEmployee pension schemeQuess corpIncome tax act

Indore: Petrol Situation Returns To Normal At All Pumps Of City

Indore: Petrol Situation Returns To Normal At All Pumps Of City
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

Madhya pradeshMohan yadavPawan jainIndore petroleum dealers associationIndian oilNew yearMinister dr mohan yadavMinister mohan yadav

Indore: Valuables Worth ₹20L Stolen From Locked House

Indore: Valuables Worth ₹20L Stolen From Locked House
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.

Madhya pradeshTripti singhMahalakshmi nagarMahalaxmi nagarPawan jainKshirsagar apartment

Hyderabad hosts the India International Travel Mart 2023 - TravelDailyNews Asia & Pacific

Hyderabad hosts the India International Travel Mart 2023 - TravelDailyNews Asia & Pacific
traveldailynews.asia - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from traveldailynews.asia Daily Mail and Mail on Sunday newspapers.

Andhra pradeshUttar pradeshJammu and kashmirMonik dharamshiRajesh philipSujana kumarPawan jainAbdul jabbarValmiki kishanMadhumati rathodRakhee kankariaKrupakar ravipatiTourism committeeHitex exhibition centreHyderabad solutions for successIndia international travel mart