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Wednesday, February 8, 2017

CAs TO PAY FINE OF Rs.10,000 FOR FILING INCORRECT INFORMATION

CAs to pay fine of Rs 10,000 for filing incorrect info: Sushil Chandra
By PTI | Updated: Feb 07, 2017, 09.20 PM IST

NEW DELHI: In a bid to check filing of incorrect returns by CAs, the tax authority will impose Rs 10,000 fine on such professionals to deter such act. 

"Under Section 271J... we have entrusted responsibility with chartered accountants, valuers and merchant bankers who files audit, valuation reports and other things... So, if they file any incorrect information in the returns, they are also liable for a token penalty of Rs 10,000," CBDT Chairman Sushil Chandra said. 



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