IT Department Issues Notices to Salaried Taxpayers Over 'Unrealistic' Exemption Claims in ITRs

The IT Department is issuing notices to salaried taxpayers regarding unrealistic exemption claims in their Income Tax Returns (ITRs). The department is scrutinizing claims that appear disproportionate to the taxpayer's income and employment profile, indicating potential attempts to evade tax. Taxpayers who have made such claims are being asked to provide supporting documentation and justification for the exemptions sought. This move by the IT Department aims to curb tax evasion and ensure fair tax compliance among salaried individuals by verifying the legitimacy of exemption claims filed in their ITRs.