Thursday, August 15, 2024

Made false deduction claim in ITR? Income tax dept wants employees to rectify this and pay the due tax or be ready for penal action

Income tax deduction: Incase you have mistakenly claimed a incorrect or wrong tax deduction or exemption and thus as a result your tax liability got reduced, then fix this as once. This is becuase if the tax department catches you and it is proved that you evaded taxes, then you can also be jailed.

from Tax-Wealth-Economic Times https://ift.tt/QTjtfHo

No comments:

Post a Comment