IncomeTaxFraud

Income Tax Department Uncovers Widespread Bogus Deduction Claims: Nationwide Crackdown Initiated

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Income Tax Department Uncovers Widespread Bogus Deduction Claims: Nationwide Crackdown Initiated

Income Tax Department cracks down on bogus claims of deductions & exemptions Investigations uncover organised rackets operated by certain ITR preparers and intermediaries filing returns, claiming fictitious deductions and exemptions Data analysis reveals misuse of deductions under sections 10(13A), 80GGC, 80E, 80D, 80EE, 80EEB, 80G, 80GGA, and 80DDB The Income Tax Department initiated a large-scale … Read more

₹1,045 Crore Tax Refund Scam Busted by Income Tax Department

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₹1,045 Crore Tax Refund Scam Busted by Income Tax Department

Income Tax Department Uncovers ₹1,045 Crore Fraud in Fake Refund Scam New Delhi, India – The Income Tax Department has launched a major crackdown on a widespread scam involving fake I-T refunds and fraudulent claims of deductions and exemptions. Starting July 14, 2025, a large-scale verification operation is underway across multiple states, targeting individuals and … Read more