Hyderabad tech professionals face investigation over ₹110 crore tax refund scam

timesofindia.indiatimes.com February 4, 2025, 09:00 PM UTC

Hyderabad IT professionals are under investigation for a ₹110 crore refund scam involving fake political donations. They claimed tax refunds for contributions to unrecognized political parties, which they never made, exploiting a tax deduction law. The Income Tax department found that some employees received cash refunds after making false donation claims. Investigators identified a common email used by multiple individuals to file these fraudulent returns. The department plans to review tax returns from 2021 to 2024 and will send notices to employees about their claims. Tech companies are now avoiding processing these deductions, and the department is conducting sessions to warn employees against fraud.


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