Fake Tax Claims In ITR Filing Can Be Costly. Here’s What Taxpayers Should Know

Show Quick Read Key points generated by AI, verified by newsroom Taxpayers face penalties, prosecution for fake ITR deductions. Income Tax Department’s data tools easily detect discrepancies. Misreporting income incurs penalties up to 200% of tax. As the income tax return (ITR) filing season gathers pace, tax experts are cautioning taxpayers against claiming deductions or…

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