TDS refund fraud by filing revised TDS returns – CBI registers case against company for changing PAN of deductees without their knowledge
The Central Bureau of Investigation has registered a case against a Proprietor of a Tamilnadu based private company (an approved Income Tax E-Return Intermediary) and others for TDS refund fraud.
As per press release of the CBI, the FIR was registered on a complaint from Income Tax Department. It was alleged that the accused had entered into conspiracy with unknown others with a dishonest intention to cheat the Income Tax Department.
As per the complaint, during the Financial Year 2014-15, Financial Year 2015-16 and Financial Year 2017-18, the accused filed e-TDS correction returns on behalf of various TAN holders without their knowledge, by amending the PAN of contractors to against whom TDS was deducted & thus claimed fraudulent tax refunds in the name of various other individuals and got refund amounting to Rs. 3,42,77,901/-(approx) defrauding the Income Tax Department.
Source: CBI
Mere CBDT Instructions cannot absolve individuals of their obligation to explain the source and nature of their gold holdings, even…
Empanelment of General Observers for ICSI Examinations December 2026 ICSI has invited interested members to enroll as General Observers for…
ITAT answers some important and inter-related issues relating to deduction u/s 80IA In a recent judgment, ITAT has dealt with…
Carry forward of loss can not be denied for belated return, it is only the set off in subsequent year…
Where sales are duly recorded in books and VAT returns, to treat it bogus sales, AO must bringing cogent adverse…
Expenses to celebrate Diwali with staff creates a goodwill and, therefore amounts to expenses incurred for the purpose of business…