News

AP Police have booked a CA and operators of seven firms for allegedly facilitating Rs 186 crore in illegal foreign remittances using fake Form 15CB certificates, marking the third FIR in the I-T crackdown.

3rd FIR in I-T Crackdown: AP Police Book CA, Seven Firms in Rs 186 Crore Illegal Foreign Remittance Case

Gandhidham police have booked nine people, including four alleged CAs, over suspected irregularities in Rs 804 crore foreign remittances using improperly issued Form 15CB certificates.

4 CAs Among 9 Booked in Rs 804 Crore Foreign Remittance Case for Allegedly Issuing Improper Form 15CB Certificates

Supreme Court upheld that a CA’s professional act of issuing Form 15CB cannot attract criminal liability under PMLA.

Big Relief for Chartered Accountants: SC Says Issuing Form 15CB Doesn’t Mean Abetting Money Laundering

Judgement

The Supreme Court of India has held that a Chartered Accountant cannot be prosecuted for money laundering under the PMLA Act merely for issuing Income Tax Form 15CB.

CA cannot be Held for money laundering for merely issuing Income Tax Form 15CB: Supreme Court

Articles

Form 15CB is a certificate submitted by a CA while making a payment more than Rs. 5 lakh to NR or Foreign Company.

Making Form 15CB for Royalty/Fee for Technical Service Invoice

The investigation revealed that by failing to issue 15 CB certifications in accordance with the rules, the CA helped the principal accused.

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3rd FIR in I-T Crackdown: AP Police Book CA, Seven Firms in Rs 186 Crore Illegal Foreign Remittance Case

4 CAs Among 9 Booked in Rs 804 Crore Foreign Remittance Case for Allegedly Issuing Improper Form 15CB Certificates

Big Relief for Chartered Accountants: SC Says Issuing Form 15CB Doesn’t Mean Abetting Money Laundering

CA cannot be Held for money laundering for merely issuing Income Tax Form 15CB: Supreme Court

Making Form 15CB for Royalty/Fee for Technical Service Invoice

CA arrested for generating Form 15CB used for siphoning 25cr