Prime Minister's National Relief Fund(PMNRF) and National Defence Fund(NDF)

All donations towards the Prime Minister's National Relief Fund(PMNRF) and the National Defence Fund(NDF) are notified for 100% deduction from taxable income under Section 80G of the Income Tax Act,1961

The Institute of Chartered Accountants of India (ICAI) has sent notices to all statutory auditors of Punjab National Bank's Brady House branch, where the over 13,000 crore rupees scam involving Nirav Modi took place, to appear before its disciplinary board.

The chartered accountants' apex body has made a list of the statutory auditors of the Brady House branch during 2011-12 to 2016-17, and asked them to appear before its Board of Discipline. Statutory auditors are members of ICAI and are governed by the apex body.

ICAI member S B Zaware told PTI that eight statutory auditors, who had audited the lender's Brady House branch in Mumbai during that period, have been issued notices.

This is a primary investigation and the board wants to ascertain whether the auditors were at fault.

The fraud is being investigated by multiple agencies, including CBI, SFIO and ED.

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