200% Penalty on fake rent receipts etc
Is this legit? Read this today https://www.cnbctv18.com/personal-finance/itr-income-tax-return-filing-penalty-200-jail-fake-rent-receipts-donation-false-deduction-17399691.htm Why do tax payers bear all the burden?
Enough resources for AI models to detect tax evasion, but can’t make basic roads without potholes. A country of contradictions.
I find it very alarming that people want to perpetuate fraud / lie and still consider that legal and ethical, and expect no consequences.
Work_in_progress
Stealth
a year ago
I have a problem with the government taking selective action. They are okay with letting big businesses go but torment taxpayers!
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RealOldmonk
Stealth
a year ago
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
UpbeatBelt62
Stealth
a year ago
Government can’t even assure our safety and security, and hafta vasooli is always on time.
Work_in_progress
Stealth
a year ago
And ideally I would want to know how they are spending my tax money. Not on 5 lakh worth suits I hope 🥲
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