As financial year 2017-18 has come to an end, it is now time for individual taxpayers to start working on filing their income tax return by July 31, 2018 (except certain individual taxpayers who derive income from business/ profession and are subject to tax audit). Fraudulent tax refunds In January this year, the investigation wing of income tax department unearthed a racket of incorrect/ fraudulent tax refunds by employees of information technology companies based in Bengaluru, in alleged connivance with a tax advisor. Similar other incidents were also reportedly found in other locations across India. In view of the above incidents, CBDT, the apex income tax administration body,