Fake claims, evasion of Rs 5.3 crore land techie couple in I-T net
In a rare search action, Indian tax authorities have targeted an IT professional and his wife, accusing them of tax evasion and forgery amounting to Rs 5.3 crore over five years. The couple allegedly made false claims involving political donations, home and education loans, and rental income, while purchasing multiple properties using the funds.
The investigation revealed that the couple forged documents, altered receipts, and submitted fabricated bank statements to support their claims. They claimed education loan interest for studies at Yale University, which was discovered to be false as no family member had ever attended the university. The couple now faces penalties and legal action for their deceptive practices.
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