Over 90,000 Indian taxpayers corrected deductions worth $145M after tax department found errors.

Over 90,000 Indian taxpayers have withdrawn incorrect tax deduction claims totaling Rs 1,070 crore ($145 million) after the Income Tax Department found discrepancies in their returns. The errors were in deductions under several sections of the Income Tax Act. The department is running awareness programs with employers to improve tax compliance and prevent future errors, allowing taxpayers to file updated returns within two years.

2 months ago
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