Quick Summary
Income Tax Department cracks down on bogus claims of deductions exemptions Investigations uncover organised rackets operated by certain ITR preparers and intermediaries filing returns, claiming fictitious deductions and exemptions Data analysis reveals misuse of deductions under sections 10(13A), 80GGC, 80E, 80D, 80EE, 80EEB, 80G, 80GGA, and 80DDB The Income Tax Department initiated a large-scale verification operation across multiple locations in the country today, targeting individuals and
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FAQ :
The Income Tax Department is cracking down on bogus claims of deductions and exemptions filed in Income Tax Returns (ITRs), which are often part of organised rackets.
Approximately £1,045 crore in false claims has been voluntarily withdrawn by around 40,000 taxpayers.
Misuse has been identified under sections 10(13A), 80GGC, 80E, 80D, 80EE, 80EEB, 80G, 80GGA, and 80DDB, as well as other exemptions.
The department uses financial data from third-party sources, ground-level intelligence, and artificial intelligence tools, supported by recent search and seizure operations.
The IT Department is prepared to take stern action against continued fraudulent claims, which may include penalties and prosecution.
Taxpayers are advised to file correct particulars of their income and communication details, and not to be influenced by unauthorised agents promising undue refunds.
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