Income Tax Cracks Down on Nationwide Fake Deduction Networks
Business
M
Moneycontrol•19-12-2025, 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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