Revenue Tax Submitting, HRA Mismatch Claims: Revenue Tax Division cleared the air on Monday with reference to corrective motion taken in opposition to these furnishing incorrect knowledge whereas submitting Revenue Tax Returns. The IT Dept acknowledged that though there have been sure situations of mismatch of knowledge, as filed by the taxpayer and as accessible with the Revenue Tax Division, have come to the discover of the Division as a part of its routine train of verification of knowledge.
In such circumstances, the Revenue Tax Division acknowledged that it has alerted the taxpayers to allow them to take corrective motion.
Nevertheless, the tax division knowledgeable that sure posts on social media, in addition to articles within the media, have highlighted enquiries initiated by the Central Board of Direct Taxes (CBDT) in circumstances the place staff have made incorrect claims of HRA and hire paid.
Cleating the air, the IT Division acknowledged that any apprehensions about retrospective taxation on these issues and re-opening of circumstances on points pertaining to HRA claims is totally baseless.
HRA Mismatch Claims: What precisely occurred?
In an announcement, the IT Division knowledgeable that knowledge evaluation was carried out in some high-value circumstances of mismatch between the hire paid by the worker and receipt of hire by the recipient for the FY 2020-21.
Nevertheless, it added that “this verification was accomplished in a small variety of circumstances with out re-opening bulk of circumstances, particularly since Up to date Return for FY 2020-21 (AY 2021-22) might have been filed by the taxpayers involved solely until 31.03.2024.”
The taxman knowledgeable that the target of the e-verification was to alert circumstances of mismatches of knowledge for FY 2020-21 solely with out affecting the others.
It reiterated that there isn’t a particular drive to re-open such circumstances, and media reviews alleging that large-scale re-opening is being undertaken by the Division are fully misplaced.
Additionally Learn – Faux Lease Receipts in ITR: How can I-T division crack down on this malpractice?
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