IT division was cross-verified in real time. You have been warned.

Copyright © HT Digital Streams Limit all rights reserved. Anil posts 3 min Read 01 Jun 2025, 05:30 hours is the move of human guided investigation into system -led verification of utmost importance to ensure better compliance and less fraudulent demands. Summary taxpayers will be caught with red hands if they try to play smart while submitting ITR. New -delhi: People have long gotten away with the inflatable or false claims in their income tax returns (ITRS). Unless the proceeds are picked up for the investigation into the investigation by officials, the Income Tax (IT) section can do little to stop individuals from beating the system. But this income tax season, it will change. The IT division is conducting an integrated verification system designed to automatically investigate information against various government databases at the time of the ITR submission. Imagine that a taxable inaccurate details of their investment claims – home loan details, home lease (HRA) or insurance – the system will immediately call up an error and ask the taxpayer to change the return. Also read: How you can save taxes by getting a cellphone, laptop or car rental at the office, which means: Taxpayers will be caught with red hands if they try to play smartly. Ashish Karundia, founder of Ashish Karundia & Co., Chartered Accountants, said: “You can no longer make a loan account number or a policy document number fake.” For example, insurance companies share the platform already share data with the government. M-Parivahan app. If something does not match, it throws an error and asks the taxpayer to change their return, “Karundia added. To be sure, the verification has so far taken hand in hand and after the detection of a deviation to the liquidation. It was slow and added to the workload of tax officials, “he said. Now the department intends to completely automate this process. To do so, the newly notified of ITR forms to give taxpayers a detailed breaking up of income tax deductions by specific choices, and replace the earlier practice to enter a single consolidated figure, according to Ca Vijaykumar Puri, partner at VPRP & CO LLP. is, specify. This added transparency will not only deter false claims, but also make the tax department clearly visibility of the nature of each deduction, “he said. It eliminates case-for-case verification, preserves departmental resources and ensures faster, more reliable compliance, “he added. Less human involvement also means that people cannot produce investment vouchers such as rental receipts for HRA’s claim. Arun Jaitley’s broader strategic vision of lower tax rates, fewer exemptions and minimal discretion. -And Date for FY25 (AY26) from 31 July to 15 September.