India's Income Tax Department warns against falsifying claims, under-reporting income, or exaggerating deductions, causing delays in refunds.
India's Income Tax Department (ITD) has warned taxpayers against falsifying claims, under-reporting income, or exaggerating deductions as these actions are punishable offenses causing delays in refunds. The ITR filing season for Assessment Year 2024-25 ends on July 31 for non-audited taxpayers. Over five crore ITRs have been filed since the tax season started. Accurate filing ensures faster refund processing, while discrepancies may require revised returns.
July 28, 2024
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