NFRA slaps Auditor with a Penalty of Rs. 50 Lakhs for Certification of Form 10 DA
The National Financial Reporting Authority (NFRA) has imposed a substantial penalty of Rs 50 lakhs, on a chartered accountant for professional misconduct. This misconduct facilitated business services provider Quess Corp in wrongfully claiming an income tax deduction of nearly Rs 971 crore over three fiscal years. According to the order released on Thursday, the audit…
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