New Delhi, July 29 -- Chartered accountant Pratibha Gupta has shared an anecdote about an IITian client. On social media, she said she had just filed his income tax return. The post has gone viral, garnering nearly 8 lakh views.

The client reportedly earns a package exceeding Rs.1 crore. He has held this salary level for the past five years. He also owns three houses, two of which are still under construction.

Despite this, he claimed he had no money to pay taxes. He asked Gupta to wait until August for payment. He said his salary would arrive by then.

He eventually borrowed money to pay the tax instead. This avoided extra interest charges that August would have incurred. Gupta used the story to highlight financial literacy concerns. S...