Income Tax Return: Taxpayers be careful, now the Income Tax Department will take strict action against these people..

Income Tax Return: The ITR filing season has begun. More than one crore taxpayers have filed their returns. Experts advise not to wait for the last date. Secondly, avoid claiming fake deductions to reduce tax; it can land you in trouble.

The Income Tax Department is taking strict action against those who claim fake deductions. On July 14, the department raided those who claimed fake deductions under different sections of the Income Tax Act.

Action also taken against those who helped in claiming fake deductions.

The Income Tax Department has raided those who have claimed fake deductions or helped taxpayers in this. This includes fake political donation claims made under section 80GGC. Many taxpayers had also claimed wrong deductions on tuition fees and medical insurance. Experts believe that getting caught in fake donation claims can cause loss instead of benefit.

Fake deduction claims made under Section 80GGC-

Section 80GGC of the Income Tax Act allows taxpayers to claim a deduction on donations made to registered political parties or electoral trusts. Sources say that many taxpayers are using fake bills to claim deductions under this section. Some taxpayers are claiming deductions on donations made to unregistered organizations. This is causing huge loss of revenue to the government.

Raids conducted after identifying 200 cases of fraud.

The Income Tax Department is tightening the noose on such taxpayers, accountants, and middlemen who wrongly claimed or assisted in tax deduction through fake bills. The department has identified about 200 such cases and conducted raids. It is being told that earlier, the department had sent several reminders to these taxpayers to file revised returns.

The department had said to file revised returns.

The Income Tax Department found that many taxpayers did not file revised or updated returns despite the instructions. Sources say that the action of the Income Tax Department will continue against those making fake deduction claims. Experts say that the department is now using new technology, including AI in ITR processing. Due to this, cases of fraud are being easily caught.

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