Income Tax Rules: If you also pay income tax every year then this news may be related to you. The government had received information that about 90,000 bureaucrats (working in government and private companies) had wrongly withdrawn their tax exemption claims. The total amount of this claim is Rs. 1,070 crores. The Income Tax Department has found in the investigation that people are claiming wrong deduction under sections 80C, 80D, 80E, 80G, 80GGB, 80GGC in their tax returns. Due to which the income tax received by the government is decreasing.
False claims under 80GGB/80GGC
According to Ahelal published in ET, sources claimed that during investigation it was found that such people are employees of organizations working in different sectors. This includes Public Sector Undertakings (PSUs), large companies, multinational companies, LLPs, private limited companies, etc. Apart from this, investigation also revealed that the people claiming deductions wrongly were working in the same company. An analysis by the government department has revealed that there is a huge gap between the total deduction claimed by taxpayers under section 80GGB/80GGC in their ITR and the total amount shown by donation recipients in their ITR.
Deduction claimed under section 80C, 80E, 80G, which The government has raised from companies has also been found suspicious. He said a list of common employers (TDS deductors) has been prepared and the tax department will reach out to all those who are suspected of claiming wrongful deductions under sections 80E, 80G, 80GGA, 80GGC and other deductions. The government has learned that some people are misled into claiming tax exemptions and refunds. That is why the government is now making companies aware.
Is Rs 1,070 crore linked to the case?
It is being said by the government that giving wrong information in tax return can cause loss? If someone has given wrong information by mistake, he can correct it. Government sources have claimed that around 90,000 taxpayers have withdrawn false claims of tax deduction in their ITR by December 31, 2024. His net worth is around Rs 1,070 crore and he has also paid additional tax.
