Now it’s time to file Income Tax Return (ITR) i.e. 31st July 2018. Taxpayers who are about to file the tax return on time will get to see the sudden surge of compliance. It has been noticed that some people entered the wrong information or incorrect details while filing the tax return in lieu of saving taxes, as Tax department has already informed to such kind of taxpayers.
Recently, the Income-tax Department warned to salaried employees for filing the wrong income tax return, the department stated that we would take some strict actions against such kind of taxpayers.
In this entire process, the tax department will also inform to employer’s or their company where they are working that the employee has mentioned the incorrect information in filing the ITR online.
The Department of Income Tax has already informed to such kind of taxpayers in respect of mentioning less income or showing higher deductions at the time of filing Income Tax Return (ITR). In this respect, the Central Processing Center (CPC) which is located in Bengaluru had also issued the notification to the taxpayers. It is suggested that such kind of taxpayers would not indulge in unfair means.
The Income Tax Department has clearly stated that the mentioning of lesser income or higher deductions in filing tax returns is punishable under various sections, the case can be registered under the provisions of the Income Tax Act.
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To remind you, back in January the investigation department had revealed a group of criminals that helps employees to avail a tax refund in an illicit manner, though the Central Bureau of Investigation (CBI) registered a criminal case in this respect.
We would like to inform you that the tax filing session for salaried taxpayers has recently commenced, however, the Central Board of Direct Taxes has issued the new ITR forms for salaried taxpayers.
To get a complete solution for all your online ITR filing pending, an ITR filing software is always needed. Hence bring forth your ITC mistakes and get Gen IT, affordable trusted software for filing Income Tax Online.
