Daily Archives: July 15, 2025

Income Tax Department cracks down on bogus claims of deductions & exemptions

By | July 15, 2025

Ministry of Finance Income Tax Department cracks down on bogus claims of deductions & exemptions Investigations uncover organised rackets operated by certain ITR preparers and intermediaries filing returns, claiming fictitious deductions and exemptions Data analysis reveals misuse of deductions under sections 10(13A), 80GGC, 80E, 80D, 80EE, 80EEB, 80G, 80GGA, and 80DDB Posted On: 14 JUL… Read More »