SleepySushi
SleepySushi

200% Penalty on fake rent receipts etc

16mo ago
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CosmicBurrito
CosmicBurrito

Enough resources for AI models to detect tax evasion, but can’t make basic roads without potholes. A country of contradictions.

GroovyBoba
GroovyBoba

Toh nahi dikaneka na fake receipts? Isme kya issue hai?

DizzyWaffle
DizzyWaffle

I find it very alarming that people want to perpetuate fraud / lie and still consider that legal and ethical, and expect no consequences.

SleepySushi
SleepySushi

I have a problem with the government taking selective action. They are okay with letting big businesses go but torment taxpayers!

SnoozyPotato
SnoozyPotato

Yes, government can re-open your ITR filing assessment upto 6 years If I remember correctly, as the AI/ML model matures over time and reduces false positive, government will re-open a lot of them and send violations notices. Better to be safe then sorry

ZestySushi
ZestySushi
EY16mo

Government can’t even assure our safety and security, and hafta vasooli is always on time.

SleepySushi
SleepySushi

And ideally I would want to know how they are spending my tax money. Not on 5 lakh worth suits I hope 🥲

FluffyNugget
FluffyNugget
Plivo16mo

We bear the burden bcoz we can be easily scared 🤷🏻‍♂️

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Indian Startups
by PerkyHamsterStealth

Bogus Claims - Risky?

Would the government actually penalize to those who file itr with heavy bogus Claims like 1.5l on 80c, 50k on 80d, 3l on HRA?

If so, what's the penalty would be?

Curious.

Personal Finance
by GroovyPenguinTCS

CAs and Tax Evasion

I see many of my colleagues consulting CAs for ITR filing and getting huge returns. What I gathered from their filings were bogus Health Insurance claims, fake HRA claims etc being utilised for showcasing huge deductions. These filings w...

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