🚨 Income Tax Department Crackdown on Bogus Deductions & Exemptions 🚨
The Income Tax Department has initiated a large-scale verification drive across India to detect and act against fraudulent claims in ITRs. The misuse of deductions under sections like 10(13A), 80C, 80D, 80G, 80EE, etc., often facilitated by intermediaries, is under scrutiny.
Key highlights:
✅ 40,000 taxpayers have voluntarily updated their returns in the last 4 months, withdrawing false claims worth ₹1,045 crore.
⚠️ Organized rackets have been uncovered involving fictitious deductions, false TDS returns, and temporary email IDs to avoid detection.
🔍 Ongoing investigations and search operations across 150 premises are targeting masterminds and networks behind these frauds.
👉 Taxpayers are advised to stay vigilant, avoid dubious advice, and file correct particulars of income and communication details.
The Department is poised for strict action — penalties and prosecutions where applicable.
