look news india
IT department strict against false refund filing: The Income Tax Department has now started investigating whether wrong refund claims are being filed by individual taxpayers. A standard operating procedure has also been prepared for this verification, which is systematically completed by the Income Tax Department. If more than one income tax return is filed using the same e-mail ID, all those returns will be scrutinized. Secondly, if wrong fare is shown, its cross verification will also be done. Also, under Section 80-G of the Income Tax Act, if fake donation has been shown or excessive expenditure has been shown, then it will also be investigated thoroughly. Their returns and the returns of parties associated with them will also be re-examined.
High risk cases in income tax refund
IT Directorate System has also issued standard operating procedures for this. It details which income tax refund cases are considered high risk. Information about this SOP has been given to the assessing officers. These details have also been given to TDS in-charge officers and investigation wing officers.
This is how people evade taxes
In the details provided to the investigation wing, it has been observed that in the past, income tax return filers have claimed wrong refunds. Found that he has wrongly claimed TDS credit. He has also been found guilty of tax evasion by showing false expenditure. It has also been observed that more than the legal amount has been deducted from the income. Apart from this it is also seen that the income is less than the actual income.
It has been found that taxpayers have filed returns under more than one group to carry out this dirty scam. Returns filed in this manner are now treated as doubtful returns by the income tax authorities. It has also been observed that only one e-mail ID is being used for this. Such returns have been sent to the nodal officer for verification. The nodal officer of the Central Registry Unit has been informed about this. The standard operating procedure directs officials to separate the key person from the filers. After this, their account is being verified on Insight Portal and e-filing portal.
In this way, after the internal investigation, a notice is sent to the taxpayer. The notice has been given under section 131(1)(A) of the Income Tax Act. Through this notice, the assessee is being instructed to claim exemption from tax, deduction as expenditure from income and submit evidence of expenditure.
Honest taxpayer will not face any problem
The Income Tax Department's intention behind carrying out this exercise is not to harass the taxpayers. If their claims are genuine, they abandon further investigation of the matter. If the claim is not found true then further investigation will be conducted in his case.