If a managing partner is extensively misrepresenting personal expenses such as vacations abroad, personal travel expenses, etc and claiming these as business expenses, does this qualify as tax evasion? I have documentary evidence of this. Under what sections do I report it to the Income Tax officials?
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Misrepresentation of business expenditure
Replies (1)
It is a case of tax evasion. You can write to the concerned Assessing Officer with the assessment details of the individual and the kind of data you have to substantiate your allegations. He will, if he is satisfied, issue notice for assessment or reassessment as the case may be.
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