Скачать или смотреть ITR REFUND PROCESSING ! FALSE REFUND CLAIM , होगी कानूनी कार्रवाई ! INCOME TAX RETURN NOT PROCESSED

ITR REFUND PROCESSING ! FALSE REFUND CLAIM , होगी कानूनी कार्रवाई ! INCOME TAX RETURN NOT PROCESSED

Summary
The video warns taxpayers against claiming false income tax refunds or using incorrect deductions, as the Income Tax Department now uses AI and high-end technology (Project Insight) to detect discrepancies. Claiming a fraudulent refund can lead to severe consequences, including:

Heavy Penalties: A penalty of 200% (misreporting of income) on the evaded tax amount.

Asset Recovery: Freezing of bank accounts or selling assets to recover dues.

Legal Action & Jail: Imprisonment ranging from 3 months to 7 years, depending on the amount of tax evaded (above or below ₹25 Lakhs).

Corrective Measures: The video advises taxpayers to voluntarily file a Revised Return (before Dec 31st for AY 25-26) or an Updated Return (ITR-U) to pay the due tax and interest before receiving a notice.


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