In the autumn of 2021, a 75-year-old retired school teacher leading a quiet life in Gurgaon was clueless that a Kafkaesque ordeal was lurking beyond the pandemic.
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Her travail began in November that year when a notice from the income tax (I-T) department pointed out that she had profited by more than ₹279 crore from stocks – a claim that boils down to a tax demand of over ₹40 crore. It was Monica Capoor’s first brush with the tax office.
Read more at: The Economic Times
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