New Delhi :
Who likes to pay their hard-earned money as tax in the country? Many people use various tricks to save tax. At some places they make false claims of donating to political parties and at other places they try to save tax by making fake room rent slips, but this attempt can also trap them. If you too are adopting illegal methods to save tax then be careful today. These methods may cost you a lot. The Income Tax Department is keeping an eye on those tax payers who adopt illegal methods and pay less tax. The department has also started cracking down on such people.
news 18 news According to , in December 2024, the Income Tax Department has caught 90 thousand taxpayers, who tried to illegally save tax by showing fake donations and investments.
False claims of donations to political parties
Recent investigations and surveys of the Income Tax Department have revealed that a large number of taxpayers have made false claims of donating to political parties and charitable organizations. Due to such false claims a huge amount was wrongly saved. According to the cases reported so far, the amount wrongly saved by adopting wrong methods is Rs 1,070 crore.
Loan and house rent claims are also false
Investigation by the Income Tax Department has revealed that many people made different claims to save tax. Some people claimed payment of interest on education loan, even though the loan was not taken. Some people, despite owning property, claimed house rent allowance. Cases of fraud have also come to light in the name of charitable donations and tax free investments.
Taking advantage of these provisions
Everyone tries to save tax, but some people have no hesitation in adopting illegal methods for this. The provisions most used by such people to save tax illegally include sections 80C (investment exemption), 80D (health insurance premium), 80E (education loan), 80G (donation), and 80GGB and 80GGC of the Income Tax Act. (Donations to political parties and electoral trusts) are included.
What to do to deal with such cases?
The department is adopting standard operating procedure for strict measures regarding such cases. Employees and employers making false claims have been advised to amend their tax returns to protect themselves from legal action.
Regarding such cases, officials have estimated that the actual number of cases of fraudulent claims could be three times more than the figures revealed.
The department has intensified the investigation of those companies where such cases have been found in the past also. Also, employers have been requested to give information about this to their employees.
The Income Tax Department has given a strict warning to tax evaders and said that such irregularities will have serious consequences. The same department has appealed to all citizens to avoid any kind of tax evasion and also to file accurate and verified claims.