Dealing with the double: Here's what to do in case of identity theft

With 19 people falling prey to identity theft every minute, act swiftly to minimise damage

Sixty-nine-year-old Amitabh Kumar from Chhattisgarh got a shock when he received an income-tax notice saying he had hidden a transaction of ~70 lakh in his FY2011-12 tax filing. “I had not done this transaction, and the bank account connected to my demat account hardly had any money in it. My broker said this transaction took place through my account, and gains were transferred to some third-party account. An inquiry is going on,” says an exasperated Kumar (name changed on request). He has been told that someone used his PAN and demat account to buy and sell shares and pocket a