I-T dept warning to salaried taxpayers: Hoodwinking the taxman is difficult

If your case is picked up for random scrutiny, any of the tricks that you or your financial advisor may have used to avoid tax will be easily detected

Cases of salaried employees making false declarations to claim tax deductions and under-reporting their income have become quite common in recent times. In January this year, a case involving a large number of IT employees in Bengaluru had come to light. As a result, the Income Tax (IT) Department issued a warning recently to the salaried class against indulging in fraudulent practices.

Fraudsters' bag of tricks: Salaried employees show a lot of ingenuity when it comes to claiming deductions falsely from their employers. To claim leave travel allowance, say tax experts, employees go to a travel website, book a ticket