Income Tax
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Income Tax department has started to crackdown on false claims of deductions by taxpayers. The Income Tax department has been vigilant in detecting and penalizing taxpayers who have filed false or inflated claims of deductions and exemptions in their tax returns. The department has been using technology to monitor the filings and issue notices to…
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Budget 2023 speech was made by the finance minister on 2nd of February 2023, which has announced few changes for the taxpayers for the upcoming financial year April 2023 to March. Key highlights of announcements impacting individual tax payers is provided below:
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