Income Tax department launches nationwide verification to combat fraudulent claims in I-T returns
The income tax department has initiated a nationwide verification operation targeting fraudulent claims of deductions and exemptions in I-T returns. This action follows the discovery of organized rackets involving ITR preparers and intermediaries filing returns with fictitious deductions. The department is taking stern action, including penalties and prosecution, against those making fraudulent claims, with searches conducted across multiple states.
The income tax department has initiated a nationwide verification operation targeting fraudulent claims of deductions and exemptions in I-T returns. This action follows the discovery of organized rackets involving ITR preparers and intermediaries filing returns with fictitious deductions. The department is taking stern action, including penalties and prosecution, against those making fraudulent claims, with searches conducted across multiple states. What's Your Reaction?
