Income Tax Cracks Down on Nationwide Fake Deduction Networks
Business
M
Moneycontrol19-12-2025, 03:28

Income Tax Cracks Down on Nationwide Fake Deduction Networks

  • Income Tax Department uncovers a nationwide scam involving fake deductions.
  • Intermediaries established agent networks to file fraudulent income tax returns.
  • Agents operated on a commission basis, claiming excessive or fraudulent deductions.
  • The network facilitated illegal claims under the Income Tax Act.
  • Those claiming fake deductions will face strict action.

Why It Matters: IT Dept. exposes nationwide network claiming fraudulent tax deductions.

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