ITR Filing: The last date for filing income tax return is nearing and now taxpayers have only 1 week left to file ITR as July 31 is the last date. If you have not filed ITR till now, then complete this work immediately. But, take special care of one thing that do not use any kind of fake document during filing. Actually, people often do this in order to save tax. Fake house rent receipts, additional claims for home loans and fake claims regarding donations.
Some tax consultants also give such wrong advice to taxpayers to save income tax. But, this mistake can put you in trouble, especially for employed people. In fact, the Income Tax Department is now resorting to a software to check fake documents in ITR filing. With the help of this, it will be easy to catch those income tax payers who have submitted fake documents in ITR.
Read this too- How much fine, how many years will be in jail? If ITR is not filed till July 31, these mistakes will be heavy at the time of filing
income tax department sending notice
According to a Times Now report, sources said that Income Tax Department officials sent notices to these taxpayers asking them to provide documentary evidence to claim tax exemption. These notices have been given for exemption under house rent allowance under section 10(13A) for salaried individuals. Allowance under section 10(14) for hiring an assistant for carrying out official duties or interest paid on home loan is eligible for deduction under section 24(b) of the IT Act.
Earlier it was easy to dodge the Income Tax authorities, whereas at present many people may face a tough time as their returns will be scrutinized by the new software by the revenue department.
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Tags: cbdt, income tax, income tax exemption, ITR filing
FIRST PUBLISHED : July 24, 2023, 20:49 IST