A young man from Siddharthnagar received a tax notice of 2 crores despite earning only 6-7 thousand rupees a month due to misuse of his PAN card for fraudulent transactions.
In Siddharthnagar, Uttar Pradesh, a young man named Om Prakash has been issued a tax notice worth 2 crores by the Central Goods and Services Tax (CGST) department. This situation arises from an investigation into the misuse of his Permanent Account Number (PAN) card, which has been linked to significant financial transactions occurring in New Delhi and Farrukhabad.
Despite Om Prakash's modest earnings of 6,000 to 7,000 rupees monthly, the probe indicates that his identity has been exploited to register a firm associated with millions in turnover. This alarming discovery highlights systemic issues in the tax administration process, putting ordinary citizens at risk of bearing the consequences of fraudulent activities conducted in their name.
The case raises important questions concerning the protections in place to prevent such identity theft and the accountability of those who misuse personal information. It sheds light on the need for more robust verification mechanisms within financial systems to safeguard individuals from becoming unwitting victims of financial fraud, which can have devastating impacts on their lives and financial stability.
