ITR Filing 2025: If you make a fake claim in ITR, you may have to pay 200% penalty and 12% interest..

Every person has to file his Income Tax Return (ITR) with the correct information before the deadline, but people in the country find different ways to save tax. For this reason, many people understate their income in ITR or give the wrong information. If you are also giving wrong information in ITR, then be alert because in this situation 200 percent penalty and 12 percent interest can be imposed on you. Not only this, you can also go to jail.

The Income Tax Department has issued new ITR rules. 200 percent penalty and 12 percent interest can be imposed if a fake claim is caught. This time you will have to provide detailed proof of every claim like PPF or LIC.

In the case of an insurance policy, the policy number has to be disclosed along with the name of the insurance company. In the case of education and home loans, it is necessary to provide the name of the lender, loan account number, and date of sanction.

Cross-checking of every claim through the AIS system
This time every claim is being cross-checked through the AIS system. Therefore, keep all the documents ready while filing income tax returns. Also, keep in mind that without proof your claim may be rejected.
The deadline for filing ITR extended.
Let us tell you that the Income Tax Department has extended the last date for filing ITR for the assessment year 2025-26 from 31 July to 15 September 2025. This means that now taxpayers will get 45 days extra time to file returns.

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