INCOME TAX
Income tax department issues strict warning to salaried employees over income under-reporting
Saying that such incidents are punishable under the income tax act,the IT department has issued a page-long advisory to caution salaried taxpayers.Tt should be noted that advisory was floated days after employees of some top organisations fraudulently inflated deductions and exemtion,thus claiming higher returns.
Saying that such incidents are punishable under the income tax act,the IT department has issued a page-long advisory to caution salaried taxpayers.Tt should be noted that advisory was floated days after employees of some top organisations fraudulently inflated deductions and exemtion,thus claiming higher returns.
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