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Showing posts from January, 2018

Income Tax department sleuths bust tax refund scam, accountant nabbed

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We seem to be seeing frequent news articles about well-paid Indian techies finding ways to defraud the government and claim fraudulent tax refunds.  A few months ago, Investigators from Hyderabad's Central Crime Station (CCS) busted at least 200 IT employees for faking disability and chronic illness of family members to claim income tax refunds fraudulently. The CCS sleuths filed a chargesheet against two income tax practitioners, N Srikanth Goud, 43, and Mohammed Khaleel, 34. The I-T department suffered a loss of Rs 1.36 crore from the case. (link)



In yet another case in Bengaluru, Income Tax department sleuths announced that they bust a tax refund scam and arrested the accountant.  The directors general of income tax, Karnataka and Goa, have busted an income tax refund scam in Bengaluru by apprehending a city-based chartered accountant for abetting tax evasion. However, the sleuths haven't disclosed the suspect's name. The suspect would file revised returns of salaried em…

How does it feel to get fired from your job suddenly?

I came across this question on an online forum. Here is a candid response to this question from Anon
Going anonymous for obvious reasons. I have worked in the Indian IT industry in India from 1986. In India, as most Indians know, the concept of “hiring & firing” did not exist - at least not in those times till as late the turn of the century. You were fired only if you were found dishonest, cheating, criminal, involved in physical violence - in or out of office, etc. I started out as any fresher and rose steadily. In 2014, I faced the bomb. My employer lost a few contracts and our group faced problems. One day, my manager, who came down from US, called me and said that I (me) was not getting new business. He said that he was not firing me but “I need to pull up my socks”. I felt pretty weird. I was not dealing with the clients’ business end. As a delivery manager sitting in India, I had no access to the CEO organization that generates new business. The clients’ IT organization w…