Faking House Rent Receipts In Vizag For Tax Deductions

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Faking House Rent Receipts In Vizag For Tax Deductions

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In Vizag the creation of fake house rent receipts are increasing widely to reduce the tax. The Income Tax Department Assistant Commissioner Sheetal Sarin said that the income tax department is asking for proof to check whether the taxpayer claiming deductions under HRA is staying at the rented property or not.

The faculty and staff of GITAM deemed University to create awareness on e-filing and other financial related issues, revealed by Sheetal Sarin.

The Income Tax Department takes action against those taxpayers and identified around 20 percent of fake house rent receipts to claim tax deductions, said by IT officer.

In Visakhapatnam which is a positive sign the E-filling facility is actively utilized by around one lakh taxpayers. She urged the gathering to assist small and medium taxpayers in the preparation of their return of income and other income tax related issues.

The Tax Return Prepare Scheme (TRP Scheme) and authorizes tax professionals called as the Tax Return Prepares (TRPs), designed by Government of India. She said that the scheme is managed by the Income Tax Department.

The IT Department Officials Shiv Sankar Naik, Naveen Kumar explained briefly about the e-filing details and also clarified doubts.

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