Chennai: The Income Tax Department has found a huge scam in refund claims to the tune of Rs 3.42 crore in the names/accounts of employees working in government and private organisations, without their knowledge, by a private tax consultant.
Following this, as per the instructions of the Principal Director of Income Tax (Investigation), the Deputy Director of Income Tax, Madurai, has lodged a complaint with the Central Bureau of Investigation against a person running an approved E-return Intermediary Authority, offering services such as e-filing TDS returns, Income Tax returns, rectification of TDS statements, PAN registration and GST allotment.
It was alleged that the accused had entered into a conspiracy with unknown others with a dishonest intention to cheat the Income Tax Department, read a release by the CBI.
The primary accused is Panchatcharam K, a Proprietor of M/s Dhiraviam Tax Services, Ramanathapuram in Tamilnadu.
It was further alleged that in pursuance of the conspiracy, during the Financial Year 2014-15, Financial Year 2015-16 and Financial Year 2017-18, the accused had filed e-TDS correction returns on behalf of various TAN holders without their knowledge, by amending the details of payment of contractors.
Further, the accused claimed fraudulent tax refunds in the name of various other individuals and got a refund amounting to Rs 3,42,77,901 (approx) and thereby caused loss to the Income Tax Department.