LatestAccounting And Audit 11 September 2026
Chartered Accountants Shield Rs 10 K Crore Donation Scam, No Action Taken
A recent expose claims Indian chartered accountants facilitated a Rs 10 billion political donation tax‑evasion scheme, masking the funds from authorities. Despite the serious allegations, the Union Government, Income Tax Department, BJP and the Institute of Chartered Accountants of India have taken no disciplinary or legal action against the accountants.
The report alleges that chartered accountants helped channel roughly Rs 10 billion in political donations through a tax‑evasion network, keeping the money off official books.
- No disciplinary steps from the Union Government or the Income Tax Department
- The BJP and the Institute of Chartered Accountants of India have also remained silent
- The scheme allegedly exploited loopholes to disguise large contributions as legitimate expenses
For full details see the original article.
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