Income Tax Department searched multiple locations in Andhra Pradesh and Telangana. The searches targeted intermediaries allegedly facilitating fraudulent income tax claims. These claims involved fake political donations and fabricated expenses. The intermediaries charged a commission for filing returns with false claims. The investigation revealed misuse of various sections of the Income Tax Act.
HYDERABAD: Income tax (I-T) officers on Monday carried out searches at multiple locations across Andhra Pradesh and Telangana, including Hyderabad, targeting three intermediaries allegedly involved in facilitating fraudulent claims of deductions in income tax returns (ITRs) through fake political donations and other fabricated expenses. The searches are part of a broader investigation into organised rackets across the country involving false filings under various I-T sections, including 80GGC.
In three separate operations, searches were conducted in Tirupati (Chittoor district), Pamuru (Prakasam district), and Nizampet (Hyderabad). According to sources, the department identified the individuals as G Chaitanya in Tirupati, V Srinivas in Pamuru, and M Purushottam Reddy in Nizampet. They allegedly acted as intermediaries, collecting a 10% commission for filing ITRs on behalf of clients using false claims under Section 80GGC - a provision meant for genuine political donations and other sections.Investigators found that the intermediaries helped a wide section of salaried individuals,...
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