Quick Summary
The Income Tax Department will implement a systematic process to verify 'high-risk' refund claims filed for the assessment year (AY) 2024-25, which corresponds to the financial year ending March 31, 2024. Following a standard operating procedure (SOP) issued by the directorate of IT systems under the Ministry of Finance, the department aims to identify and investigate fraudulent refund claims that may have been made either individually or as part of an organized effort. According to officials
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FAQ :
The Income Tax Department will implement a Standard Operating Procedure (SOP) to verify 'high-risk' refund claims filed for the assessment year 2024-25.
High-risk claims often involve multiple income tax returns filed using the same email address and showing patterns of false claims, such as bogus HRA claims, false donations under Section 80G, or inflated expenses.
The department will use internal databases like the Insight portal and the e-filing portal to identify the key individual or group behind common email addresses used for questionable returns.
If refund claims are found to be genuine, the investigation will be closed, and the claim will proceed without further issues.
If false claims are uncovered, the case will move forward for further investigation, and taxpayers may be required to provide documentation to support their claims.
The primary goal is to ensure the legitimacy of refund claims, reduce tax fraud, and ensure proper compliance without causing undue harassment to honest taxpayers.
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