⚠️SALARIED TAXPAYERS BEWARE
Dear salaried taxpayers, please submit your income tax return with due care. I urge you not to fall prey to consultants who comes with offers like 100% refund guarantee. The refund party with fake deductions is over as the income tax department is doing a careful scrutiny of refund claims.
Under the Income Tax Act, there are severe consequences of misreporting income and claiming wrongful deductions, These include 12% interest per annum apart from 200% penalty and prosecution, which may entail imprisonment.
Please note that you will be held responsible for the return submitted and the consultant who came with the offer won’t come to your rescue. Check the deduction details in your income tax returns filed for previous year and current year (if already filed) and if you feel something unusual which you cannot substantiate with necessary documents, consult a chartered accountant for professional advice.
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