Making exaggerated, bogus claims to get refunds punishable offence: I-T department

Quick Summary:

The Income Tax Department had cautioned taxpayers against making false claims on their returns, advising accurate filings for timely refunds.

Over five crore ITRs were submitted by July 26, with a July 31 deadline.

Most filings opted for the new tax regime.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaSri Lanka

Topics: $30 trillion economy NITI Vision for Viksit Bharat Per capita income Business news Economy Narendra Modi Vision of Vikshit Bharat

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-28 @ 23:23:28 (15 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 775 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 21812771

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 15 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #28

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