Income Tax Dept Serves Notices to Salaried Individuals asking for details of CA / Advocate / Tax Consultants
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Notices are being served by the Income tax (I-T) department asking assessees to produce documentary proof for claiming exemptions / deductions.
Complete with fake rent receipts from close relatives, extra claims against home loans, false donations and a slew of dodgy practices encouraged by some of the tax practitioners with a promise to slash tax outgo and prop up refund, may come back to haunt many, particularly salaried individuals.
Income Tax department has also asked taxpayers to provide full details of the chartered accountant, lawyer, or Income Tax professional responsible for preparing and filing the returns.
The notices, pertaining to assessment years 2022-23, were issued as per section 133(6) of the law which empowers the tax assessing officer to call for information of certain details of transactions done during a particular year.
CLICK ON THE LINK FOR DETAIL VIDEO,
https://youtu.be/bbla_-LmrJQ
Complete with fake rent receipts from close relatives, extra claims against home loans, false donations and a slew of dodgy practices encouraged by some of the tax practitioners with a promise to slash tax outgo and prop up refund, may come back to haunt many, particularly salaried individuals.
Income Tax department has also asked taxpayers to provide full details of the chartered accountant, lawyer, or Income Tax professional responsible for preparing and filing the returns.
The notices, pertaining to assessment years 2022-23, were issued as per section 133(6) of the law which empowers the tax assessing officer to call for information of certain details of transactions done during a particular year.
CLICK ON THE LINK FOR DETAIL VIDEO,
https://youtu.be/bbla_-LmrJQ
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