Former BharatPe co-founder Ashneer Grover recently expressed his appreciation to the Income Tax department for efficiently completing the faceless assessment of his income tax returns for the financial year 2021-22. He highlighted his commitment to diligent tax practices, influenced by his late father and his chartered accountant, who instilled in him the importance of tax compliance. Grover also noted that the successful conclusion of the tax assessment process would reinforce his position in the ongoing legal proceedings.
Thank you, @IncomeTaxIndia, for the prompt closure of the faceless assessment of my IT Return for FY21-22, with NIL demand. I have always been a conscientious taxpayer. This return was the final one prepared by my father Ashok Grover, who served as my CA, before his passing. His meticulous approach ensured my integrity. This outcome will further bolster my defense in my cases,” Ashneer shared on Twitter.
In a subsequent statement, he clarified that a recent notice he received from the Income Tax Department, which he had previously mentioned in a tweet, resulted from a system error, prompting him to remove the post.
In the deleted post, Grover had raised concerns about the intentions of the income tax department in relation to the notice he received, questioning whether it was a case of “tax terrorism or vendetta.” He expressed disbelief at the lack of authenticity, accompanying his statement with tags to the Income Tax Department, Finance Ministry, and Nirmala Sitharaman.
The entrepreneur has been vocal about tax regulations in the country and regularly shares his perspectives on this subject on his social media platforms. In September, he voiced apprehensions about startups receiving notices requesting documents related to the three-year Income Tax Return (ITR) details of their investors and shareholders.
Prior to this, in a video, Grover criticized the tax system in India, likening tax payment to a ‘punishment,’ as the government deducts 30-40% of salaried individuals’ income without providing tangible benefits.