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I-T department busts fraudulent tax refund racket by IBM, Infosys, Vodafone employees

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I-T department busts fraudulent tax refund racket

The Income Tax department on Wednesday conducted searches at the premises of an unidentified CA and seized bogus claim documents of his clients.

In a major step against economic frauds, the Income Tax Department on Thursday busted a racket of extracting fraudulent tax refunds of employees of leading companies like IBM, Vodafone and Infosys with alleged collaboration of a chartered accountant (CA) in Bengaluru.

According to the I-T department, its investigation wing, on Wednesday, conducted searches at the premises of an unidentified CA and seized bogus claim documents of his clients along with WhatsApp messages.

In a statement released on Thursday, the central tax monitoring department said that the accused CA was “found to be instrumental in filing false income tax returns and making fraudulent refund claims by citing inflated or false claims of loss from house property”.

Allegedly, till date the CA has filed “nearly 1000 returns with loss from house property, aggregating to loss claim of Rs 18 crore” and the I-T department is closing monitoring the tax refunds of employees of over 50 Bengaluru-based prominent or medium-scale companies.

“It is noted that employees from some of the reputed companies such as IBM, Vodafone, Saplabs, Biocon, Infosys, ICICI Bank, CISCO, Thomson Reuters India Limited among others have also resorted to such fraudulent claim of refunds by filing revised returns of their individual income,” said the department.

Further stating that the officials have questioned many employees suspected to be involved with the racket, a senior official of the tax department said, “This is a case that is building up. Such a large-scale action in cases of employees seeking false refunds has been undertaken by the tax department for the first time.”

Officials also stated that many employees, who were quizzed by the department, claimed to have no “real loss” under the ‘income from house property’ category. Moreover, most employees have shifted the blame to the accused CA, stating that he said “he can get refunds for them by making some claims”.

“They also deposed that, out of the refund received, the auditor (CA) had charged 10% as incidental charges. Some WhatsApp messages with auditor were also shown by them, as supporting evidence,” the department said.

However, the CA claimed that he had filed the bogus claims at the “insistence of his clients”.

“Further enquiries like examination of his (CA’s) other clients and cross examination of them with the CA are being conducted. Necessary action as per law will be taken against the CA as well as the persons who have claimed wrong refunds under the provisions of Income Tax Act,” read a statement from the department.

2024 Lok Sabha Elections

Former Congress leader Radhika Khera joins BJP days after quitting over harassment

Radhika Khera, who was an All India Congress Committee (AICC) spokesperson, today joined BJP, after resigning from the Congress on Sunday,

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Former Rajasthan Congress leader Radhika Khera today joined the BJP. She had left the grand old party a few days earlier after accusing senior leaders of harassment.

All India Congress Committee (AICC) spokesperson Khera announced her resignation from the Congress on Sunday, citing an alleged plot against her. She added that she felt punished for going to the Ayodhya Ram Mandir.

Speaking to the media on Monday, Khera claimed that she had been mistreated, locked in a room, and harassed by Chhattisgarh Congress party leaders. She said that although she brought up the matter with the party officials, nothing came of it.

Khera, who had recently joined the BJP, praised the saffron party for their support and charged the Congress of being anti-Hindu.

After joining the BJP, Khera said, she wouldn’t be able to be here if she hadn’t received protection from the pm Modi-led BJP government. The manner in which I was misbehaved with on the land of Kaushalya Mata for being a devotee of Ram, for having darshan of Ram Lalla, she was mistreated, Khera said. The Congress of today is anti-Ram and anti-Hindu, it is not the Congress of Mahatma Gandhi, the she added.

Radhika Khera said in her resignation letter to Congress President Mallikarjun Kharge that she was being criticised by other members of the party for her inability to control her desire to visit the Ram Temple and see the idol of Ram Lalla.

Before that, a video of Khera complaining about being disrespected had gone viral. She was clearly unhappy. She is heard accusing an unidentified person, saying that no one in the party is respected, particularly women who are elected to office.

She claimed, the chairperson of the Chhattisgarh Congress unit’s communication wing, Sushil Anand, and a few other people, verbally harassed her using words that she never thought existed during an incident on April 30, which she later disclosed details of. It is said that the men allgedly locked her in a room for a minute while a couple of other people stood outise the room to keep an eye on her in case she tried to run away.

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2024 Lok Sabha Elections

PM Modi addresses rally in Khargone, urges people to choose between vote jihad or the establishment of Ram Rajya

PM Modi stressed that India is at a crucial moment in history and urged people to choose between vote jihad or the establishment of Ram Rajya

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As the 3rd phase of the 7-phase 18th Lok Sabha elections began on Tuesday, Prime Minister Narendra Modi targeted the INDIA Alliance and claimed that Opposition parties are contesting elections to save their dynasty and that their alliance was not at all bothered about the welfare of the people. PM Modi was addressing a rally in Khargone where he claimed that the BJP government has given Madhya Pradesh a new and prestigious identity by rectifying the shortcomings left behind by the Congress.

PM Modi stressed that India is at a crucial moment in history and urged people to choose between vote jihad or the establishment of Ram Rajya. The distinction came during the Prime Minister’s continuing attack against the Congress and other Opposition parties over their alleged intent to appease their Muslim vote bank.

He said the opposition parties are contesting elections to save their inheritance and hand over their party to their children. They do not care about the happiness of the people. He further added that the INDIA alliance is not bothered about the fate of the masses.

PM Modi took a dig at the opposition and said there is a saying that applies to INDI people: Apna kaam banta, bhaar me jaye janta (do your work and let the people go to hell). Prime Minister Modi said that the votes of the people helped 250 million Indians to come out of poverty, and he believed India is progressing because of collective effort by everyone.

He further added that 1 vote of theirs has made India the 5th largest economy and has increased India’s global influence, helped in removal of Article 370 after 70 years, made an Adivasi daughter the President of india and given reservation to women, sent the corrupt people to jail and the guarantee of free ration and treatment.

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2024 Lok Sabha Elections

Mallikarjun Kharge casts vote in Kalaburagi, Karnataka

The 81-year-old leader of the INDIA Alliance was accompanied by his wife Radhabai Kharge to a polling station at Basavanagara in Kalaburagi.

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Congress President Mallikarjun Kharge cast his vote at a polling booth in Kalaburagi, Karnataka on Tuesday. After casting his vote the Congress leader predicted a landslide victory for the grand old party in Karnataka and said he had no doubt about it.

The second phase of Lok Sabha elections in Karnataka is undergoing in 14 constituencies. The 81-year-old leader of the INDIA Alliance was accompanied by his wife Radhabai Kharge to a polling station at Basavanagara. While speaking to the media the Congress President said things are good, good reports are coming from everywhere. He said  Allinace partners  are getting strength in this 3rd phase (nationally). He said definitely in this phase of elections the INDIA Alliance will get good support from the people.

Kharge said he has been voting from Basavanagara in Kalaburagi since he became eligible for voting at the age of 21. He said he never got his polling locality changed. When he became Minister, when he became opposition leader in Parliament, he never forgot Basavanagara. He said the people here have given him love and affection and helped him in developing his leadership. He said he was grateful to the poor people who stood by him. He said he would always stand by them.

Kharge’s son in law Radhakrishna Doddamani is the Congress candidate from Gulbarga (Kalaburagi) Lok Sabha segment, which the Congress leader has represented twice in 2009 and 2014 but lost the election in 2019. BJP has fielded Umesh G Jadhav from the Kalaburagi constituency.

The 14 Lok Sabha constituencies where elections are underway on Tuesday are Shimoga, Davangere, Uttara Kannada, Dharwad, Haveri, Bellary, Koppal, Bidar, Raichur, Gulbarga, Bijapur, Bagalkot, Belgaum and Chikkodi. Karnataka has 28 Lok Sabha constituencies. The first phase of polling in the other 14 seats in most of the southern and coastal districts was held on April 26.

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