Kind Attention Taxpayers!
Do not claim wrongful deductions/exemptions in your Income Tax Return. Please report accurately & file correctly.
Report Accurately (Examples)
- House Rent Paid
- Principal and interest-paid on Home loan
- Interest paid on Education Loan
- Health insurance premium paid for self and family
- Deduction for disabled individuals
- Donations to political parties/ charitable institutions/ trusts.
Before claiming any deduction/ exemption,kindly remember your ITR is your responsibilityand ensure:
- All deductions are bonafide and genuine;
- It is supported by genuine payments anddocuments;
- 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.
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