• Registered Users :
  • 163756
  • Current Active Users :
  • 103936

News INCOME TAX

  • Jul 06, 2024
  • Attention Taxpayers! Income Tax Department warns against false claims in income tax returns

    The Income Tax Department has issued a strong advisory to taxpayers, advising them against submitting income tax returns with inaccurate claims for exemptions and deductions. Authorities emphasized the serious repercussions of such behavior, which may result in significant fines and the possibility of imprisonment, according to CAclubindia.

    The I-T Department, in partnership with the South Central Railway (SCR), hosted an ‘Outreach Awareness Programme’ in Vijayawada recently. The purpose of the event was to educate employees on the significance of precise tax filings, aiming to equip them with the necessary knowledge on tax compliance and to deter them from depending on intermediaries who could potentially file false claims on their behalf.