Youth earns `7k per month, gets `3.5 cr I-T notice
Huge transactions of `134 cr done in 2011-12 using 29-year-old’s PAN
A youth from Madhya Pradesh has received the shock of his life when he got an income-tax (I-T) notice seeking to explain transactions of `134 crore made in his purported bank account in 2011-12.
Ravi Gupta, 29, a resident of Mohana in Bhind district, has received the I-T notice seeking payment of I-T of `3.49 crore on the transaction made in ‘his’ account during the period.
“I could not believe my eyes when I went through the I-T notice sent to me in March 2019. I had then ignored it since my salary at the time was barely `7,000 per month and I did fall under the tax payer category. I took it seriously when I got another I-T notice reminding me to pay the tax in July 2019. I had then rushed to Mumbai to probe into the matter with the I-T office,” Gupta told reporters on Thursday.
According to him, the I-T notice had sought queries on transactions of `134 crore made on a business account opened with his PAN in a private bank’s in Mumbai in 2011-12. The transactions were made between September 9, 2011 and February 13, 2012. “I have never opened such an account. I was barely 21 then. I was working in a
The registration of the firm which has made the transactions in the account was done on August 25, 2011 in Surat, while I was in Indore on the same day — RAVI GUPTA
Bhind, Madhya Pradesh
private firm for a salary of `7,000 per month. In fact, I have not visited Mumbai during the period,” he said.
A senior officer in the I-T department said Gupta can lodge a complaint with the department seeking a probe into the matter.
Gupta has written to the Madhya Pradesh Cyber cell, Maharashtra police, PMO and I-T office seeking a probe into the matter to clear him of the charges.
On Thursday, he received another notice informing him of extension of date of tax payment.
He was earlier summoned by the I-T department asking him to bring account details, account opening form, PAN card, service tax registration, TIN registration and firm registration in Gujarat.
“The I-T department has now threatened to attach my properties to recover dues,” he said.
The transactions were purportedly made by a diamond company based in Gujarat, according to him.
“The registration of the firm which has made the transactions in the account was done on August 25, 2011 in Surat in Gujarat, while I was in Indore on the same day. This can be verified with my actual bank statement of SBI Indore,” he told this newspaper.