• I Paid A Bribe
  • 4 years ago

Forced to pay bribe for processing Capital Gains Tax payment

Reported on August 22, 2016 from Hyderabad , Telangana  ι Report #118628

I had invested 6.50cr with IDBI Bank in a capital gains account for 3 years from 2013 to 2016 with proceeds from the sale of an inherited property. My older sister and I were equal shareholders.
When I decided to pay the capital gains tax, rather than invest in a property, I was advised by my husband Tehvangir Dhairyavangir from Hyderabad that his friend and Hyderabad based chartered account who was handling the processing of this tax payment, that
if I were to get this work done smoothly then I must pay an amount of Rs. One Lakh to the AO, Mr. V. Venkat Rao (CIRCLE 6(1),HYDERABAD). The money was paid by my husband who takes care of my financial matters since I have been residing abroad for the education of my child in Singapore. Now, the AO has called for a scrutiny even though I have paid all my taxes, other than the current 2016-17 income taxes. I would like my account be moved out of this AO's jurisdiction to Mumbai where my permanent address is based, before I make any further payments to the IT department. Thanks & regards, Vara Dhanrajgir

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