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.🕒 1 min read
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.
Continue Reading
-
‘Credit for Shubman Gill’s success goes to his father and Yuvraj Singh’
- Mehta contests Sebi order on Rs 15L cr inflated revenue
-
Amazon’s $30 mn deal: E-commerce giant signs carbon credit agreement with rice farmers
- Multi-Millionaire CEO, 39, Trampled To Death By Elephant At South African Game Reserve
- Siddaramaiah Writes to PM Modi Opposing New Rural Employment Law
- No respite for Tata Sons as RBI tightens NBFC norms
- Top stocks to buy today: Stock market recommendations for May 27, 2025
- Trump Will Attend Davos Forum In 2026, Says White House
-
3 Lakh Test Papers Checked in 3 Days: How AI Is Transforming Jodhpur’s Government Schools
-
Punjab Kings Makes Stunning U-Turn On Arshdeep Singh’s Fitness During IPL 2026: “Fully Fit”