₹23,956-Crore Remittance Case: Jaipur CA Under Income Tax Scanner
What Happened
A Jaipur-based Chartered Accountant, Abhishek Jain, has been booked after the Income Tax Department alleged that he issued 3,168 Form 15CB certificates without adequate verification, enabling foreign remittances worth nearly ₹23,956 crore between FY22 and FY24. The case emerged following an Income Tax investigation and survey operation conducted on August 18, leading to an FIR being registered.
Key Takeaways
The case is one of the largest alleged foreign remittance irregularities uncovered in recent years, with tax authorities probing whether compliance certificates were misused to facilitate massive overseas fund transfers. The allegations remain under investigation and have not yet been proven in court.