Are you submitting wrong claims in your Income Tax Return? Here's an alarm!
Salaried taxpayers warned against filing wrong claims by Income Tax Dept
Salaried taxpayers have been warned by the Income Tax Department not to fall prey to false promises or mis-advice by unscrupulous intermediaries and submit wrong claims in their income tax returns (ITRs), it said in an advisory issued on Wednesday.
The Central Processing Centre (CPC) of the I-T Department, Bengaluru, said such cases would be treated as cases of tax evasion.
In the cases of such wrong claims by employees belonging to any sector, reference would be made to the vigilance division concerned for action under conduct rules.
“In this connection, the attempt by salaried taxpayers to under-report income or inflate deductions aided and abetted by unscrupulous intermediaries has been noted with concern. Such offences are punishable under various penal and prosecution provisions of the Income Tax Act”, the Department said.
“The Department also advises all intermediaries to strictly confine their advice to taxpayers within the four corners of the Income Tax Act”, it warned chartered accountants.
“In all such cases of high risk, the Department may examine and verify the details submitted by taxpayers in their ITR, subsequent to processing of returns in CPC. If the Department notices any fraudulent claims in the returns, such taxpayers may be punishable under various provisions of the Income Tax Act”, the Department has warned.
-PTC News
