TAX DEDUCTION

ITR filing: Claiming Tax Deductions Without Proofs Can Backfire, Warn CAs (2023)

Tax deduction claims: Annual Information Statement (AIS) captures all income details, leaving no room for tax-payers to hide. Yet, chartered accountants say even salaried tax-payers approach them with requests to avail of deductions – at times, not legitimate – at the time of filing returns in order to claim tax refunds. Imagine this scenario: You […]

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