Income Tax dept warns ITR filers of stern action in case of bogus TDS

Income Tax dept warns ITR filers of stern action in case of bogus TDS claim | Check last date The Income Tax Department on Sunday asked income tax return filers to refrain from making bogus claims for expenses, under-reporting their earnings or exaggerating deductions calling it a punishable offence that causes a delay in issuance of refunds. As per the IT Department and its administrative body Central Board of Direct Taxes (CBDT), more than five crore ITRs have been filed, as of July 26. Over 28 lakh ITRs were filed on July 26 itself. In a recent directive, the department asked the taxpayers to file their ITRs correctly to get timely refunds. "Refund claims are subject to verification checks, which may cause delays. Accurate filing of ITR leads to quicker processing of refunds. Any discrepancies in the claims made will prompt a request for a revised return (to be filed by the taxpayer)," it said. [Read more](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t/aHR0cHMlM0ElMkYlMkZ3d3cuaW5kaWF0dm5ld3MuY29tJTJGYnVzaW5lc3MlMkZpbmNvbWUtdGF4JTJGaW5jb21lLXRheC1kZXB0LXdhcm5zLWl0ci1maWxlcnMtb2Ytc3Rlcm4tYWN0aW9uLWluLWNhc2Utb2YtYW55LWJvZ3VzLWV4cGVuc2UtdGRzLWNsYWltLWNoZWNrLWxhc3QtZGF0ZS0yMDI0LTA3LTI4LTk0NDA4OQ==) Â In order to unsubscribe from this mailing list, please click, please Click [here](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t)