Kind Attention Taxpayers!

Do not claim wrongful deductions/exemptions in your Income Tax Return. Please report accurately & file correctly.

Report Accurately (Examples)

  1. House Rent Paid
  2. Principal and interest-paid on Home loan
  3. Interest paid on Education Loan
  4. Health insurance premium paid for self and family
  5. Deduction for disabled individuals
  6. Donations to political parties/ charitable institutions/ trusts.

Before claiming any deduction/ exemption,kindly remember your ITR is your responsibilityand ensure:

  1. All deductions are bonafide and genuine;
  2. It is supported by genuine payments anddocuments;
  3. It does not result in misreporting of income.

Consequences:

Misreporting of income may result in penaltyand prosecution proceedings under provisionsof Income Tax Act, 1961.

How to Correct:

✓ File a revised ITR for A.Y. 2023-24.

✓ File an updated ITR for A.Y. 2021-22 andA.Y. 2022-23.