Creative Bharat
ITR filing FY 2024-25: The tax authorities have identified many instances of false exemption claims submitted by taxpayers. (AI image) ITR filing FY 2024-25: The Income Tax Department is cracking down on false tax exemptions being claimed by people in their Income Tax Returns. Most of these exemptions, under the old income tax regime, are […]
New Delhi: The Income-Tax Department has detected a large number of fraudulent exemption claims by taxpayers and has incorporated additional risk assessment in processing of returns by the Central Processing Centre to prevent incorrect issuance of refunds. The attempted tax evasion through this method is pegged at about ₹700 crore, according to people familiar with […]
My hands cradle my aching head, surrounded by tax forms and a calculator under the dim glow of my desk lamp. The deadline looms. Chandigarh: Punjab finance minister Harpal Singh Cheema on Monday said the investigative wings of the state taxation department have uncovered bogus billing or paper transactions amounting to Rs 1,549 crore so […]
