Ajmer Tailor Faces ₹974 Crore Tax Notice Over ₹2,500 Crore Diamond Transactions
Summarized by AI; it may make mistakes. Check important info
Summarized by AI; it may make mistakes. Check important info
A 63-year-old tailor from Ajmer has reportedly received a ₹974 crore tax demand notice from the Surat Income Tax Department after transactions worth more than ₹2,500 crore were allegedly carried out through two diamond firms registered in his name.
The man, identified as Rekhraj Thada, is a resident of Govindgarh in Ajmer and reportedly earns around ₹15,000 from tailoring work. Preliminary findings suggest that his identity documents may have been misused to create two diamond firms and conduct large financial transactions in his name.
Two Diamond Firms Linked To Elderly Tailor
According to the Income Tax notice, Thada was shown as a director of two diamond firms since 2011 — Roop Rajat Diamond and Jai Babari Diamond Pvt Ltd.
The firms were reportedly operating from Surat and other locations. However, according to the information available, the addresses linked to the companies were being used for other businesses and the actual existence of the firms could not be established.
Despite this, transactions exceeding ₹2,500 crore were allegedly carried out through the companies.
₹974 Crore Tax Demand Leaves Tailor Shocked
Thada, who is reportedly involved only in tailoring work, has alleged that his Aadhaar, PAN and other identity documents were misused.
He has approached the Ajmer Police seeking action over the alleged misuse of his documents.
However, the tax demand has been raised in his name, leaving him facing a liability vastly disproportionate to his reported income.
Tax Expert Explains What Tailor Needs To Do
A tax expert cited in the report said Thada would need to establish through the police investigation that he was not involved in the companies or the transactions and obtain a clean chit through the FIR process.
The expert also advised filing a complaint on the Income Tax portal under the identity theft category and seeking a stay on the tax demand until the legal proceedings and investigation are resolved.
The alleged misuse of the elderly man's identity and the large transactions conducted in his name are now under scrutiny.
