Sambalpur: Beware of false bogus refund claims, Income Tax Department warns, action will be taken later

Sambalpur: Various taxpayers, especially salaried taxpayers, have resorted to the unethical practice of claiming bogus refunds. Many salaried taxpayers claim bogus relief on various grounds, even though they are not eligible or entitled to it which has now come under the scanner of the Income Tax Department. The Income Tax Department has started re-examination of the returns claiming more than Rs 50,000 in the initial phase of many salaried employees whose deductions or exemptions claimed in their income tax returns do not match with their Form No. 16/Form 26S issued by their DND. On the other hand, crores of rupees have been returned to the bogus.

According to the special information collected for the years 2021-22, 2022-23, and 2023-24, the Income Tax Department has started receiving feedback on this, to alert the various organizations, DDOs, Finance and Accounts Officers of the Department, the Income Tax Department has visited Sambalpur on Monday. An awareness program has been held at the office. Participants were sensitized on wrong claims in income tax returns, updated returns for corrections, and filing of amended returns, and also sensitized the participants on penalties, reversals, and reassessments in case of deviations. Principal Commissioner of Income Tax Department Dr. Sarita Mishra, Sambalpur Circle-1 Joint Commissioner Radheshyam Jajo, and Sambalpur Circle-1 Assistant Commissioner Fulgens Kuro Pramukh were in the program.