he Deduction Illusion in ITR Filing
One taxpayer once asked me: “Sir, can you add some extra deductions so my tax liability becomes zero?” After carefully reviewing income, investments, and eligible claims, the answer was clear: ➡ Only genuine deductions could be claimed, and some tax was still payable. But what happened next? 👉 The taxpayer went to someone who promised “zero tax.” 👉 The return was filed with inflated deductions. 👉 Initially, everything looked fine. 👉 The taxpayer happily said: “See, I saved tax without paying anything!” 💡 But the reality is harsh: Once the Income Tax Department cross-checks with AIS, Form 26AS, and other data, the inflated deductions are caught. The outcome? Demand notices, heavy penalties, and interest that far exceed the short-term “savings.” ✅ A Professional’s responsibility is not to manipulate figures, but to ensure accuracy aFollow us: Instagram:- https://www.instagram.com/vvityabazar?igsh=MTdybm4zc3hlaDVjZA%3D%3D&utm_source=qr Facebook:- https://www.facebook.com/share/1B6WAKRKR7/?mibextid=wwXIfr Linkedin:- https://www.linkedin.com/company/vvityabazar/ Google:- https://g.co/kgs/jFEmBjh Whatsapp Community :-https://chat.whatsapp.com/LewqKrSZM026amcKrcQ
