Income Tax Department Warns: Bogus Claims for Refunds are Punishable Offenses

Last updated: 30 July 2024 Follow on Google News

As the deadline for filing Income Tax Returns (ITR) for the assessment year 2024-25 approaches on July 31, the Income Tax Department has issued a stern warning to taxpayers against making fraudulent claims. The department cautions that inflating expenses, under-reporting earnings, or exaggerating de

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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