12 Nov 2025, Wed

Fines up to 200% on wrong ITR filing and Jail! Know Section 270A and ways to survive

If you showed the wrong income while doing ITR file – inadvertently or intentionally – you can also be jailed with heavy fine! Income Tax Department has strong systems and strict laws to catch such cases. Under Section 270A, showing less income is 50% and intentionally misinformation is imposed. It is necessary to cross-check AIS, Form 26AS, TDS, GST and bank data. If a mistake is made, then Penalty can be avoided by filling updated return under Section 139 (5). The last date to file ITR is 15 September.

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