Chartered Accountants To Pay Penalty For Filing Wrong Information
Wednesday, February 8, 2017, 1:31 PM
The tax authority wants to check filing of incorrect returns by chartered accountants. A fine of INR 10,000 will be imposed on chartered accountants under Section 271J to deter such acts. CBDT Chairman Sushil Chandra says, the whole system is based on a lot of faith on CA’s and assesses and they have to be more responsible.