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Holding chartered accountant (CA) Pawan Jain guilty of professional misconduct and issuing reports to Quess Corp Ltd under the Income Tax (I-T) Act without exercising due diligence and obtaining sufficient information, the national financial reporting authority (NFRA) imposed a penalty of Rs50 lakh on the CA.
It Act: Apart from the safeguards for preventing bias in AI and language models, the IT Rules amendments may also bring new rules for deepfake, synthetic content and explicit instructions for platforms on loan apps, said one of the persons.
A total of 223 government-owned buildings in Ranchi owe the Ranchi Municipal Corporation (RMC) Rs 82.25 crore in holding taxes. The defaulters include government offices, educational institutions, and public sector undertakings like Heavy Engineering Corporation (HEC) and Project Bhawan. Despite repeated notices, the defaulters have not resolved their tax obligations, leading the RMC to consider auctioning off properties with unpaid taxes.
Apart from Binance and Kucoin, the other virtual digital assets service providers (VDA SP) who have been issued notice for not registering as reporting entities with the FIU-India are Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfenex.
The FIU has also written to the Ministry of Electronics and Information Technology to block the URLs of these nine entities including Binance that are operating illegally without complying with the provisions of the PML Act in India.