Can i show fake 80c deduction???

ITR 4458 views 18 replies
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aa
339 Points Joined February 2014

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.

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On 29 September 2016 at 00:25 Report
Replies (18)
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Practising CA
8944 Points Joined December 2013
Please do not succumb to such unethical practices. Your value will deteriorate in front of the client and CAs have been regarded as partner in nation building. I highly condemn this th
5 Reply
On 29 September 2016 at 08:50
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Practising CA
8944 Points Joined December 2013
I highly condemn this thought of yours. and I don't want such a worst future of India . The future lies in our deeds today
2 Reply
On 29 September 2016 at 08:52
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Chartered Accountant
2229 Points Joined May 2014
One thing you should always keep in mind that you are representing our dignified profession whether you are a qualified CA or an article. Please feel the responsibility you have towards the profession and the nation. Don't spoil the image. You should suggest the client which is within the four corners of law and avoid malpractices like tax evasion.
2 Reply
On 29 September 2016 at 09:56
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Accounts Manager
1466 Points Joined August 2013

AGREE WITH ABOVE 

YES , YOU SHOULD NEVER SHOW FAKE EXPENSE , DEDUCTION & EXEMPTION 

 

GOOD LUCK!

1 Reply
On 29 September 2016 at 10:27
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CA
810 Points Joined November 2010

Yes by this act the reputation of the profession will be depleted very highly and instead you should try to convince your clients that institue and governments are very strict in all this matters. And so I also suggest you to not do such type of acts.

1 Reply
On 29 September 2016 at 10:35
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Freelancer-Chartered Accountant
551 Points Joined July 2008
firstly this is ethically incorrect...
secondly suppose once you do this...thn this will become a habit for u and ur clients...
both of u will be at loss...client won't have any investment in hand...and they will pull ur collar if AO catches it
1 Reply
On 29 September 2016 at 11:33
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Professional
592 Points Joined September 2013
This is not acceptable at all. Our signature are our brand value which shows credibility to Govt., and Public. They trust our reports. Thinking of this type of malacious practice is shame for all of us. Please avoid it.
1 Reply
On 29 September 2016 at 16:54
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Accountant
36 Points Joined February 2010

What are the saying all CA... 

Give me answer of my 1 question....every company have a CA and 80%company showing fake expenses and saving tax from illegally...... and 70% CAs know all and also guide on this illegal practices 

 

So the only CAs in India  are responsible for back money and illegal tax saving practices

3 Reply
On 29 September 2016 at 18:12
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aa
339 Points Joined February 2014

i was expecting the same replies ..... i already mentioned that i know this is incorrect to show fake expenses....i worte that query to know whether every returned filed by crores of indians checked that deeply....

also i have seen live example in my ca training period.... my boss used to show fake interest income if client doesnt brought the bank passbook for filing ITR.  as they was aware that he must be having interest less than  10000.  anyway wrong is wrong na..but no case come up for scruteny..

also ca is very famous for converting black money into white....

another example ....during bank audits auditors are treated like son in law....so as to give unqualified report...so why dont CA REFUSES those high welcomes and give indepent report....all know they already HAVE AN understanding of SA 200. still they do that.   now answer me...

1 Reply
On 29 September 2016 at 21:40
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Chartered Accountant
8487 Points Joined August 2010
Give priority to your ethics and values. Why are you trying to follow wrong deeds of other people?
It's not recommended.
1 Reply
On 29 September 2016 at 22:40
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AUDITOR
115 Points Joined August 2009
I think that

nothing is old and nothing is new; It's just matter of point of view"

We need to come together for building's financial power of India
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On 29 September 2016 at 23:21
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Accounting & Taxation
390 Points Joined August 2014
Ye sab batte idhar discuss nahi honi chahiye .. aap sab to jaante ho ki kya karna chahiye..
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On 30 September 2016 at 00:29
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aa
339 Points Joined February 2014

Friends as u all are against that query, i have uploaded the ITR without tax evasion , paid 18550 as tax. Just claiming 1550 refund..

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On 30 September 2016 at 00:36
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CA - Final
1367 Points Joined September 2009
Mr. Diwakar, you cannot blame CAs like that. May be you have seen someone doing illegal things, yet you have not informed anyone, no action taken ? Mind you, if you are aware of the fact and you keep silent, you are equally responsible for the act. If you have just heard rumours, you have no right to make such allegations. So think before commenting
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On 30 September 2016 at 00:40


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