Quick Summary
More than five million Income Tax Returns (ITRs) were revised last year after the Income Tax Department flagged incorrect or bogus deduction claims, leading to a reduction of nearly Rs 2,000 crore in refund claims, according to Ravi Agrawal, chairman of the Central Board of Direct Taxes. The inform
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FAQ :
Over 50 lakh (five million) Income Tax Returns were revised.
ITRs were revised because the Income Tax Department flagged incorrect or bogus deduction claims, particularly for donations made to charitable organisations under Section 80G.
Refund claims dropped by approximately Rs 2,000 crore.
The department opted to alert taxpayers and encourage voluntary revision of their returns rather than initiating formal scrutiny proceedings.
The tax department is using enhanced technology, including advanced data analytics and AI-based risk profiling systems, which integrate various financial data sources to detect discrepancies early.
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