Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Visual Stories
  • Reviews
  • Phone Reviews
  • Fitness Bands Reviews
  • Speakers Reviews
  • Find Cricket Statistics
Hindi
More
In the news
Heatwave
Char Dham Yatra
Gyanvapi Mosque
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Visual Stories
Reviews
Phone Reviews
Fitness Bands Reviews
Speakers Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / India News / Inaccurate I-T return filings by salaried employees under government scanner
India

Inaccurate I-T return filings by salaried employees under government scanner

Inaccurate I-T return filings by salaried employees under government scanner
Written by NewsBytes Desk
Apr 19, 2018, 10:30 am 2 min read
Inaccurate I-T return filings by salaried employees under government scanner
Credits:

Indian government is cracking down on salaried employees who use illegal means such as under-reporting of income or inflating deductions while filing income tax returns (ITRs) to avail maximum tax benefits. The income tax department warned salaried taxpayers on Wednesday, threatening violators with prosecution and a strict action by their employers, reported PTI. Read on for more details.

Warning
A cautionary advisory

The Central Processing Centre of the I-T department, located in Bengaluru, is responsible for receiving/processing ITRs. It has issued a one-page cautionary advisory to all professional taxpayers stating they shouldn't "fall prey" to the advices of unscrupulous tax advisors or planners and refrain from preparing wrong claims. "Such offenses are punishable under various penal and prosecution provisions of the Income Tax Act," it said.

Details
All fraudulent claims in ITRs will be penalized

With the beginning of the tax-filing season for salaried workers, the Central Board of Direct Taxes (CBDT) - which formulates the policy for the I-T department - has recently notified the new ITRs. According to the one-page advisory, all fraudulent claims in ITRs, if found out, "may be punishable under provisions of the I-T Act and this may also delay issuance of refunds."

Filing tax returns
ITR-1 form for 2018-19 now available for e-filing

Meanwhile, the latest ITR-1 form, used by taxpayers for incomes upto Rs. 50 lakh, has been uploaded on the I-T department's official e-filing portal. The ITR form, notified by the CBDT on April 5, is now available on its website. The new ITR assessment forms require salaried employees to provide a detailed break-up of their salary, and businessmen information about their GST number, annual turnover.

Share this timeline
Facebook
Whatsapp
Twitter
Linkedin
NewsBytes Desk
NewsBytes Desk
Mail
Latest
Bengaluru
Central Board of Direct Taxes (CBDT)
PTI
GST
Latest
10,000 people stuck as Rishikesh-Yomunotri highway safety wall collapses
10,000 people stuck as Rishikesh-Yomunotri highway safety wall collapses India
International Tea Day: How are tea blends made?
International Tea Day: How are tea blends made? Lifestyle
IPL 2022, SRH vs PBKS: Preview, stats, and Fantasy XI
IPL 2022, SRH vs PBKS: Preview, stats, and Fantasy XI Sports
Tough days ahead for Navjot Singh Sidhu in Patiala jail
Tough days ahead for Navjot Singh Sidhu in Patiala jail India
5 theories on why we dream
5 theories on why we dream Lifestyle
Bengaluru
Karnataka: After hijab row, Bible in school triggers controversy
Karnataka: After hijab row, Bible in school triggers controversy India
Top 5 wedding destinations in south India
Top 5 wedding destinations in south India Lifestyle
CBI didn't revoke lookout circular despite court order: Aakar Patel
CBI didn't revoke lookout circular despite court order: Aakar Patel India
IND vs SL, M Chinnaswamy Stadium: Pitch report and stats
IND vs SL, M Chinnaswamy Stadium: Pitch report and stats Sports
IND vs SL, 2nd Test: Match preview, stats, and more
IND vs SL, 2nd Test: Match preview, stats, and more Sports
More News
Central Board of Direct Taxes (CBDT)
Pandora Papers: Government orders multi-agency probe led by CBDT
Pandora Papers: Government orders multi-agency probe led by CBDT India
I-T department raids Gujarat diamond group, claims multi-crore tax evasion
I-T department raids Gujarat diamond group, claims multi-crore tax evasion India
CBDT extends deadline for Income Tax Returns till December 31
CBDT extends deadline for Income Tax Returns till December 31 India
IT department surveys Bengaluru company; detects Rs. 880cr hidden income
IT department surveys Bengaluru company; detects Rs. 880cr hidden income Bengaluru
TN: IT department seizes over Rs. 16 crore dubious cash
TN: IT department seizes over Rs. 16 crore dubious cash India
More News
PTI
No-confidence motion tabled against Pakistan PM Imran Khan
No-confidence motion tabled against Pakistan PM Imran Khan World
Pakistan: No-confidence vote against PM Imran Khan likely today
Pakistan: No-confidence vote against PM Imran Khan likely today World
Farmers' protest: Mobile internet services suspended in 14 Haryana districts
Farmers' protest: Mobile internet services suspended in 14 Haryana districts India
Parliament canteen's subsidy ends; non-veg buffet now costs Rs. 700
Parliament canteen's subsidy ends; non-veg buffet now costs Rs. 700 Politics
R-Day violence: Rakesh Tikait and Yogendra Yadav named in FIRs
R-Day violence: Rakesh Tikait and Yogendra Yadav named in FIRs India
More News
GST
What does it mean for films to be tax-free?
What does it mean for films to be tax-free? Entertainment
GST Council decides to postpone tax hike on textiles
GST Council decides to postpone tax hike on textiles Business
GST changes from January 1: Here's how it impacts prices
GST changes from January 1: Here's how it impacts prices Business
Petroleum Minister explains why petrol prices are not coming down
Petroleum Minister explains why petrol prices are not coming down Politics
Swiggy, Zomato will now collect GST. Does it affect you?
Swiggy, Zomato will now collect GST. Does it affect you? Business
More News
Next News Article
Next News Article

Love India news?

Subscribe to stay updated.

India Thumbnail
India News Business News World News Politics News Sports News Technology News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Mukesh Ambani Indian Premier League (IPL) Karnataka Samsung Xiaomi West Bengal
Bihar Virat Kohli Rohit Sharma Haryana Narendra Modi Arvind Kejriwal Tamil Nadu Gujarat Yogi Adityanath YouTube
Instagram Hollywood News Uttar Pradesh Kerala Netflix Bollywood News Mamata Banerjee Maruti Suzuki Rahul Gandhi Elon Musk
Shah Rukh Khan Chelsea FC OPPO Akhilesh Yadav Indian Cricket Team Apple Manchester United Salman Khan Cryptocurrency OnePlus
Amitabh Bachchan ICC Women's World Cup Vivo India vs Sri Lanka
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive IPL 2022 Schedule IPL 2022 Points Table Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2022