- I Paid A Bribe
- 13 years ago
- 1001 views
Income tax audit clearace
- Income Tax
- Assessment
- Paid INR 3,00,000
Due to industrial recession we had to sell our product at lower profits due to which company gross profit % went down by 2 % . officer asked for the reason of GP fall we explained in detail and in full written but as his hand was not full he use to tell iam not convience . As we did not offer him bribe for one or two hearing at last he told us that give me 3 lac rs or i will disallove gp fall of 2 % and you will pay more rs thane this along with interet . if you go to appeal max they will reduct to 1.5 % plus you will have to pay lawyer charges so finally to avoid this procedure we paid him as for small company we cannot handle cases and lawer feess