The extensive inquiry was triggered when officials scrutinized a deduction of over Rs 40 lakh for a political contribution that was actually just a Rs 50 payment backed by altered receipts. Investigators later discovered fabricated loan records, including an artificial Yale University certificate created through ChatGPT to claim nearly Rs 3 crore in educational interest. The couple additionally claimed deductions on an already settled housing loan and concealed between Rs 10 lakh and Rs 16 lakh in annual rental revenue. They now face stringent penalties and expanding legal prosecution for persistent document forgery and tax fraud.
Key points
Income tax authorities exposed Rs 5.3 crore in tax evasion and fraudulent claims executed…: Income tax authorities exposed Rs 5.3 crore in tax evasion and fraudulent claims executed over a five-year timeframe.
The accused individuals diverted a portion of the evaded tax funds to acquire half-a-doze…: The accused individuals diverted a portion of the evaded tax funds to acquire half-a-dozen real estate properties.
Both individuals are currently facing formal charges for document forgery along with heav…: Both individuals are currently facing formal charges for document forgery along with heavy penalties and legal action.
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IT professional and wife face Rs 5.3 crore taxevasion allegations over fabricated donation and loan claims, including forged documents and receipts. (Representative image)
NEW DELHI: In a stern message to those making false income tax claims, authorities have carried out a rare search action on an IT professional and his wife, estimating alleged bogus claims and tax evasion of Rs 5.3 crore over five years, according to the department. The couple also face charges of forging documents.Tax officials found that deduction claims involved fake political donations, interest on home and education loans, while rental income was not disclosed. They had purchased half-a-dozen properties using some of these funds.It all started with the wife's tax return claiming a deduction of over Rs 40 lakh for a donation to a political party. While her Form 16 showed deductions of around Rs 1.2 lakh, the return claimed an additional deduction. When the claim was verified with the party, officials found that the taxpayer had actually donated Rs 50, for which a receipt had been issued. Investigators found that the receipt had been digitally…
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