Fake 80c deduction.

This query is : Resolved

shobhit (Querist)
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29 September 2016 HELLO FRIENDS.... ONE OF MY CLIENT HAVING SALARY INCOME OF WHICH I AM FILING ITR-1 IS IN TAX BRACKET.... I WANT TO AVOIDE TAX....BUT HE DONT HAVE SUFFIENT SAVINGS TO REDUCE TAX... TDS DEDUCTED IS 19000... I WANT FULL REFUND OF THAT AMOUNT.. I KNOW IT IS NOT ALLOWED BUT I WANT YOUR ADVICE FROM YOUR PAST EXPERIENCE THAT CAN I SHOW FAKE DEDUCTION OF 80C. TO AVOIDE THAT TAX.... I HAVE SEEN PEOPLE WHO ARE DOING THAT AND AVOIDING TAX. I MISSED OUT A CLIENT WHO WAS IN TAX BRACKET BECAUSE OF HAVING RS.35000 AS INTEREST INCOME FROM SAVING BANK..ANOTHER CA SHOWED THAT INTEREST WITHIN 10000 LIMIT AND CLAIMED REFUND FOR HIM... SO CAN I ALSO DO THAT IN THAT 80 C DEDUCTION CASE? BECAUSE SOMETIMES I FEEL THAT TAX AUTHORITIES DONT GO THAT DEEP TO CHECK EACH AND EVERY THING OF EVERY RETURN FILLED BY CRORES OF INDIANS.. SO ADVICE ME... THANKS.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 September 2016 You may be loosing some clients but don't do that advice the clients to save the money and claim 80C benefits. The savings will help them in times of need.

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