Income Tax News: The Income Tax Department has investigated them and now they will have to return the outstanding amount to the government.
Income Tax News: If you have paid wrong tax or given false information to evade tax, then here is important news for you. Wrong claims worth crores of rupees have come to light. 90,000 people will have to pay a total tax of Rs 1,070 crore. The Income Tax Department has unearthed a major fraud. According to the information, till December 31, 2024, the Income Tax Department has identified 90,000 employed taxpayers who wrongly claimed deductions worth about Rs 1,070 crore in their ITR.
The Income Tax Department has investigated them and now they will have to return the outstanding amount to the government. Misled. According to sources, during various searches, seizures and surveys conducted by the Income Tax Department, it came to light that many people had made wrong deductions under sections 80C, 80D, 80E, 80G, 80GGB and 80GGC. A claim has been made under the Income Tax Act.
Which has led to a reduction in the tax payable to the Government of India. The investigation revealed that these people were employees of organizations from different sectors, including PSUs, large companies, MNCs, LLPs and private limited companies. Apart from this, it was also found that some unscrupulous elements misled the taxpayers to claim wrong deductions or refunds. Who are these people?
When asked about the identity of these people and their place of work, sources told CNBC-TV18 that after examining the email clusters, it was found that in most cases these clusters were related to people working in general organizations. These organizations are from various sectors including PSUs, large companies, MNCs, LLPs, private limited companies and even government agencies and statutory bodies.
Will the Income Tax Department be able to take action on such cases? To avoid similar problems in future, the Income Tax Department is organizing outreach programmes on behalf of taxpayers and on behalf of taxpayers to create awareness about the consequences of claiming wrong deductions in ITR. So, next time, don’t fall prey to small profits, because the Income Tax Department is keeping a close eye on you.
