Fake Allowances = Real Tax: Salaried Employees May Penalize 200%

Mitali , Last updated: 26 August 2025  
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Salaried individuals often make two big mistakes in their Income Tax Returns: First is they claim wrong exemptions for unallowed allowances, and Second, is convert salary income into professional receipts under section 44ADA. Penalties for Income Misreporting Under-reporting income may result in a

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Mitali
(Finance Professional)
Category Income Tax   Report

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