In a major crackdown on electoral tax abuse, the Income Tax Department has recovered Rs 1,400 crore from over 63,000 individuals who evaded taxes by falsely claiming deductions for donations made to registered unrecognised political parties (RUPPs) during the financial years 2022-23 and 2023-24. According to official sources, more than Rs …
The Income Tax Department has issued a wave of notices to salaried taxpayers since the beginning of the financial year, flagging “unrealistic” exemption claims made in their income tax returns (ITRs), according to official sources. The crackdown, part of a focused verification drive, targets claims that …
In a major tax crackdown, the Income Tax (I-T) Department has uncovered discrepancies in agricultural income declarations using satellite imagery. A farmer claiming ₹7 lakh per acre in farm income and ₹1 lakh per acre in rental earnings for land around Hyderabad has come under scrutiny, as the …
