Hyderabad: 200 techies return money after tax refund scam busted

Hyderabad: Central Crime Station filed a charge sheet against two income tax practitioners in the city criminal court. This charge sheet also revealed that at least 200 techies had fraudulently claimed income tax refund.

According to the news published in TOI, these techies include employees of Polaris Hyderabad. To claim the refund, they faked disability and chronic illness of their family members.

It may be mentioned that CCS investigated this case after a complaint was filed by Deputy Director of Income Tax Department, M Mohan Babu.

Chargesheet was filed in the 12th additional Chief Metropolitan Magistrate Court at Nampally by CCS police against two income tax practitioners, N Srikanth Goud and Mohammed Khaleel.

It is to be noted that after these techies returned the amount, CCS police made them witnesses in the case.

Modus operandi of the fraud

According to Ram Kumar, investigating officer, under Section 80 D and 80 DD of the Income Tax Act, a refund can be claimed on medical grounds. The two accused misused these sections and approached techies with an offer to get their refunds. For doing so, accused used to charge 10% commission. Accused were doing such frauds for the past five to six years.

According to IT dept., in this case, the total loss is Rs. 1.36 crore. Although, this is a small amount there are apprehensions that many such practitioners could exist in the city.

Mr. Ram Kumar also said that out of 200 techies, 50 are from Polaris.