ITR Filing: Fake rent receipt given to save income tax, then you can lose your job, know the whole thing here – salaried taxpayers under lens for fake rent receipt risk of losing their jobs
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People associated with the industry say that the Income Tax Department is sending notices to such taxpayers. Documents related to tax exemption claims are being sought from them. These notices pertain to fake house rent receipts, hiring of helpers to perform official duties and interest paid on home loans. These notices are related to the assessment year 2022-23 and these notices have been issued under section 133(6) of the IT Act. The Act empowers the tax assessing officer to call for certain details of transactions carried out during a particular period. Salaried taxpayers also get tax benefit on house rent under section 10(13A) of the IT Act. Payment of rent up to Rs 1 lakh per annum does not require disclosure of PAN of the landlord. That’s why people make fake house rent receipts in the name of their relatives.
360 degree investigation
The Income Tax Department says that till now some people use the rent slip despite having their own house, which is a wrong step. If the data of any person is not found correct during the computer check, then a notice can be sent to them by the Income Tax Department. Means the problems of those who put fake rent slips can increase. According to a report in ET, Rahul Garg, Managing Partner, Asire Consulting, said that the Income Tax Department is doing 360-degree profiling of taxpayers to verify their claims. The help of data mining and analytics is also being taken.
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He said that according to the Central Action Plan of CBDT, the field officers can make the best use of technology to increase the tax base. Along with the taxpayers involved in this type of fraud, the people who help them in paying taxes can also fall under the hammer. Hence individual taxpayers need to be more careful while filing ITR and make only correct claims. Strict action can be taken against such people. It can be difficult for them especially in the event of prosecution. Many employers and companies take this type of prosecution seriously. In such a situation, taxpayers can also lose their jobs.
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