bogus deduction
This query is : Open
Shailender singh
(Querist)
04 September 2017
I want to know as what will happen if we claim bogus deduction under section 80c to get more refund....
K Srinivas, CMA CS
(Expert)
09 September 2017
If the IT Dept scrutinises and finds out that you have made a false claim under 80C, you will be asked to pay the differential income (as if the deduction was not paid) plus interest plus penalty.
Above all it is a disgrace to make false claim to avoid paying tax.
Above all it is a disgrace to make false claim to avoid paying tax.
Shailender singh
(Querist)
09 September 2017
Thanku sir
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