I-T dept flags up to 20,000 ITRs for ‘swapped provisions’ used to lower net tax liability — What happens next?

2026-06-29 · livemint.com

The income tax department has identified 15,000-20,000 cases of taxpayers using swapped provisions to reduce taxable income. This involves replacing exemptions to lower tax liability without valid reasons and documents. Details here.

The income tax department has reportedly identified around 15,000-20,000 cases where taxpayers have used “swapped provisions” trick to reduce their taxable ...