With the deadline for filing Income Tax Returns (ITR) fast approaching, a chartered accountant’s account of a high-earning client facing a cash crunch has gone viral on social media.
Chartered accountant Pratibha Goyal shared on X (formerly Twitter) that she recently filed the ITR of a young IIT graduate who has reportedly been earning an annual salary package of more than ₹1 crore for the past five years.
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According to Goyal, the client also owns three residential properties, with two of them currently under construction. Despite the impressive income and real estate investments, the client reportedly did not have enough liquid funds to clear an outstanding income tax liability of ₹15,000.
In her post, Goyal said the client requested her to delay the tax payment until August, explaining that he would be able to pay only after receiving his next salary.
“Just filed ITR of one of my IITian client! He is a young guy having a package of 1 crore plus since 5 years. Has 3 houses out of which 2 projects are WIP,” Goyal wrote on X.
She further stated, “He told me he had no money to pay taxes of Rs. 15K and wanted me to wait till August so that his salary comes and we can pay the taxes.”
The post has sparked widespread discussion online, with many users pointing to the difference between net worth and liquidity, while others highlighted the financial strain that can result from over-investing in assets despite a high income.
(This story is published from a syndicated feed)
