'CAs' help you get fat income tax refunds, with a bit of fraud
Friday, July 20, 2018 IST
New Delhi: As the July 31 deadline for filing income tax returns (ITR) looms, some taxpayers are discovering that this can be an enriching affair. They have been promised fat tax refunds by conmen masquerading as chartered accountants. These fake CAs falsify the taxpayer’s income in the return, resulting in hefty tax refunds ranging from Rs 50,000 to Rs 2 lakh. They do so by either understating the taxable income of the individual or claiming certain tax deductions and exemptions.
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