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Income Tax Department has issued notice for those who claim wrong refund, now strict action will be taken

Income Tax Department has cracked down on fraudulent refund claims. According to people aware of the matter, the Income Tax Department has issued notices to several taxpayers who have claimed wrong refunds. The department has expressed concern over the growing number of suspicious tax returns and refund claims, particularly from unscrupulous individuals, the people said.

New Delhi. The Income Tax Department has targeted fake refund claims. According to people with knowledge of the matter, the Income Tax Department has issued notices to several taxpayers who have claimed incorrect refunds. The department has raised concerns over the growing number of suspicious tax returns and refund claims, particularly from unscrupulous individuals, the people said.

The department has targeted chartered accountants and agencies that promise large refunds, often using fraudulent methods, people told NDTV Profit, adding that many refund claims involve bogus expenses, disability and medical claims.

Taxpayers from across the country are involved

The notices have been issued for frauds that took place in the years 2021-22 and 2022-23, involving taxpayers across the country, people said. With major cases reported in cities like Gurugram, Ghaziabad, Mumbai and Bengaluru, the Income Tax Department is closely monitoring large tax refund claims, people said.

Strict action is being taken against CAs

Strict action is being taken against CAs and agencies which mislead taxpayers to claim wrong refunds.

Shyamu Maurya
Shyamu Maurya
Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com
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