NFRA imposed Rs 50 Lakh Penalty on CA for issuing wrong Certificate of Income Tax
NFRA in its Order No. 01/2024, dated 03.01.2024 has fined a CA ₹50 Lakhs for lapses in issuing certificate to a listed company in Form 10DA with regard to the correctness of deduction claimed by it under section 80JJAA of the Income-Tax Act, 1961. This story deals with the lapses by CA in details along-with the key takeaways from this order.
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