'Taxpayer Can't be fined for Incorrect Claim if he provides all relevant info'. page 6,The Economic Times, 6th Sept 2012
It is a better idea if the On Line Form is so designed that the Tax payer only has to enter data under various heads and system calculates the Tax due, after which he pays by Credit card or Cheque mentioning his PAN on the reverse of the Cheque. If he has entered any false data, and if X is the Tax due, and the authorities find he has concealed information, then he gets fined 10X. This will ensure all enter correct data which can be cross verified. However if data entered is correct and system calculates incorrect, then the program has to be modified accordingly.
It is a better idea if the On Line Form is so designed that the Tax payer only has to enter data under various heads and system calculates the Tax due, after which he pays by Credit card or Cheque mentioning his PAN on the reverse of the Cheque. If he has entered any false data, and if X is the Tax due, and the authorities find he has concealed information, then he gets fined 10X. This will ensure all enter correct data which can be cross verified. However if data entered is correct and system calculates incorrect, then the program has to be modified accordingly.
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