Would the government actually penalize to those who file itr with heavy bogus Claims like 1.5l on 80c, 50k on 80d, 3l on HRA?
If so, what's the penalty would be?
Curious.
This will happen, if claimed bogus.
I see many of my colleagues consulting CAs for ITR filing and getting huge returns. What I gathered from their filings were bogus Health Insurance claims, fake HRA claims etc being utilised for showcasing huge deductions. These filings w...
Is this legit? Read this today
Why do tax payers bear all the burden?
A typical modus operandi was to either not make the donation at all or make it but get it back in cash, minus a cut.
Taxpayers can file an updated return to comply & pay additional tax pf 25-50% in case they've made a fake claim.
Mat...
Heard on app people getting notices Any info on this? Is it also for <1 lakh claims
