Slower tax refunds after ITR filing? Income Tax Department detects false exemption claims of Rs 700 crore; majority under old regime
Slower tax refunds after ITR filing? Income Tax Department detects false exemption claims of Rs 700 crore; majority under old regime
The Income-Tax Department is cracking down on fraudulent tax exemption claims, estimated at ₹700 crore, leading to potential refund delays, especially for claims over Rs 10 lakh. Discrepancies include fabricated medical expenses and false donations, primarily under the old tax framework.
The Income-Tax Department is cracking down on fraudulent tax exemption claims, estimated at ₹700 crore, leading to potential refund delays, especially for claims over Rs 10 lakh. Discrepancies include fabricated medical expenses and false donations, primarily under the old tax framework.