Last week, the Income Tax Department announced that it raided Polycab for evading tax. Who exactly did Polycab defraud here? A fun read

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 were done along with ITR 2 to somehow bring down the income. Can anyone shed light on this practice? Are these legitimate CAs ? Is this not illegal? Don't they get caught ? Note: This post is not to undermine CAs, but to understand how few CAs are doing this ? And is there really a way to decrease your taxable income, without having legitimate investments in the first place.

Conduced suspecting potential tax evasion

Did you know this? Of course many of you didn't. How it has impacted you or your company? How does it feel as an employee when you think you brought business for your company but then later realised that your boss paid 100s of crores to political parties?

Got an email from payroll team that Income Tax dept. has flagged some employees ITR of our org. Seems false claims and deductions. Giving one time opportunity to rectify and re file ITR of last 3 years to avoid further action! Has this happened to you too or its just me? Suggestions? 🥺

Which stock and how much dip? Predict in comments

Are fintech companies not following the law or something else https://www.moneycontrol.com/news/business/economy/mc-exclusive-policybazaar-under-income-tax-scanner-for-kyc-non-compliance-12202471.html/amp

Writing this from the lobby of a good hotel in the city There are 3 types of people I see around me: 1. Foreigners (50%): Mostly on business travel. From various countries. Their economies and companies can afford to pay for this, it's nothing. Some with family, so maybe just traveling India in a luxury way. 2. People like me (20%): Indian corporate folks. Working at consulting/VC/MNCs etc. My company pays for this. But there's a deep cost. I work 12-14 hour days. I don't enjoy the hotel as much. We are pretty much slaves, by choice. 3. Indian business folk (30%): The thieves. They expense all of this to their business. Every expense to them is at a discount, because they can use it to show losses on their books, and get away with tax. They live better lives than us. We are not them. Income tax crossing corporate tax data point really struck with me. Governments have started giving more freebies. We enjoy fewer public facilities. The only reason to be in India is that I love the friends and family here. But otherwise, as a salaried employee (as we all are), we should know that we're kind of being duped.

Company was inflating GMV by 60%