Urgent Guys, On IT declaration portal i declare 2 lakh as investment which will save me 40k tax, but what happens if i fail to invest whole 2 lakh and can not show them investment proof?

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Posting as :
works at
You are currently posting as works at

If you fail to provide proof of your investment, in last few months (Feb March)your tax would get recovered.

Most of the companies asked proofs before Dec and Jan payroll.

i hope failing is not any crime?

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