'Everyone is suffering': Delhi resident spends ?50,000 on Chartered Accountant for ?1 Tax issue
Apoorv Jain, a native of Delhi, has sparked uproar on social media by saying that he paid a chartered accountant (CA) ? 50,000 to settle a tax dispute worth merely ?1.?
What happened with the Delhi man??
Jain expressed his dissatisfaction on social media platform X, writing, "I paid a $50,000 fee to the chartered accountant for an income tax notice I received recently, wherein the final disputed value turned out to be Re 1/-." He underscored his sincerity by saying, "I am not joking."
Why did the man get involved in a tax dispute??
The event shows the difficulty of negotiating India's tax system, where even slight mistakes can result in large professional expenses.?
Meanwhile, the Income Tax Department has issued a stern warning to taxpayers against filing income tax returns with bogus exemptions and deductions. Authorities emphasized the serious implications of such behaviour, which might result in hefty penalties and even incarceration.? ??
How did people on the internet react??
Jain's case has elicited a mixed response online, with some people expressing surprise at the tax department's ineptitude and others challenging the CA's price structure.?
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"The state of this department is such that nothing looks like a joke anymore," a user commented.
"I am waiting for the day when income tax sends notice to rich farmers," wrote another user.?
"Rs 50000 fees is too much; CA's are charging anything these days," said a third user.?
Check the viral post here.?
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