Income Tax Return: If you have obtained tax refund from the Income Tax Department by giving fake house rent allowance, bogus donation, by inflating expenses or by giving wrong income information, then your problems may increase. Because the tax department is preparing to investigate such cases. The Income Tax Department is going to verify such high-risk refund claims during the financial year 2023-24 or assessment year 2024-25. The purpose of this verification is to find out whether the tax refund has not been obtained systematically or by giving wrong information on behalf of any individual.
The Income Tax Department will find out whether deduction under 80G has been claimed through fake house rent allowance, bogus donations using the same common email ID or mobile number. Or the expenses have not been exaggerated. The tax department can thoroughly investigate such income tax returns. The Directorate of Income Tax Systems, which comes under the Ministry of Finance, has issued SOP instructions for high risk income tax refund cases which are reported to the Assessing Officers, TDS. Charge officers and officers in the investigation wing have been made available.
According to TOI report, the SOP sent to the Investigation Wing officer states that in the past, refunds have been claimed wrongly by making wrong claims of TDS credit, under-reporting income, inflating deductions and showing bogus expenses. This matter has come to light when it was found that income tax returns have been filed using the same common email ID or mobile phone number. Now it has been forwarded to the nodal officers of the Central Registry Units for further investigation.
In the SOP, tax officials have been asked to use the Insight portal, e-filing portal to trace the person who is linked to the common email ID and mobile phone number. Such taxpayers can be issued a notice and asked to verify the information related to tax exemption, deduction, and expenses along with the documents. According to the report, the purpose of this exercise is not to harass taxpayers. If the claim is true then the case will be closed. And refund has been obtained by giving wrong information which will be investigated further as per SOP.
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