Scurinity cases

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 June 2015 sir i had a doubt that the details which i filled to i.t department in income tax return should be true or rough figures as how the department can know about your income.If i had a house loan interest of Rs 20,000/- and i filled interest as Rs 2,00,000/- then how the department who'd know about it as i am not providing any details of my loan a/c.Please give me clarity

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

11 June 2015 Income tax department is collecting details based on PAN through AIR. Any abnormal claim will be taken up for scrutiny.

Message likes : 1 times

Rupesh Jain

Rupesh Jain (Expert)
Follow

11 June 2015 IT VERY EASY FROM WHERE YOU TAKE LOAN, YOU GIVE PAN AND THEN from pan then can collect all information .

Message likes : 1 times

Upgrade to CAclubindia Pro. Subscribe Now!

Querist : Anonymous

Querist : Anonymous (Querist)

12 June 2015 ok thank you & my other question is any insurance claimed and 80c deductions how they will know......................................................