Beware! Tax season brings not just deadlines but also scams lurking around the corner. As we gear up to file our Income Tax Returns (ITRs), it’s crucial to stay vigilant against fraudsters trying to trick us. With the number of tax filings increasing each year, scammers see an opportunity to pounce.
According to a report by the State Bank of India, millions of ITRs have already been filed for this year, and the number is expected to rise even more by the end of the financial year. This surge in filings has created a playground for scammers who use various tactics, such as fake emails and messages, to exploit taxpayers’ vulnerabilities.
One common trick is the fake IT notices sent through texts or emails. They may appear urgent or threaten consequences if not addressed promptly. However, it’s essential not to fall for these traps. Always verify the authenticity of such notices through the official Income Tax Department portal.
Moreover, when making online tax payments, prioritize secure methods like credit or debit cards. These cards come with additional security features that safeguard your personal information. Set up transaction alerts on your cards to stay informed about any suspicious activities and regularly review your account statements for unauthorized transactions.
Never rush into making payments without confirming the legitimacy of the request, especially if it’s unexpected or from an unknown source. Be cautious about sharing sensitive information like card details, PINs, or CVV numbers. Opt for secure e-filing services, avoid public WiFi networks, and enable two-factor authentication for added security.
In essence, staying alert and following these simple precautions can help us steer clear of tax scams during this filing season. Let’s protect ourselves and our hard-earned money from falling into the hands of fraudsters.
