Can i show fake 80c deduction???

shobhit (aa) (339 Points)

29 September 2016  

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.