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FRAUDULENT TAX DEDUCTIONS
Kerala Lottery Dhanalakshmi DL-50 result out today (29-04-2026); Rs 1 crore prize winning number and full list hereDhanalakshmi DL-50 result out today (29-04-2026): The Dhanalakshmi DL-50 lottery results are released today at 3 PM, offering participants ...- ITR filing: 4 disclosures you need to be ready with in new financial yearIndia’s tax department has rolled out updated ITR forms for FY 2025–26, introducing tighter disclosure norms while keeping the overall stru...
- Millions of taxpayers hit with penalties for this one mistake the IRS says you are makingOver $160 million in penalties pushed the Internal Revenue Service to issue an urgent IRS hidden tax credits penalties warning for 2026. Mi...
- Got income tax refund email? Govt warns it could be a scam, tells taxpayers what to do immediatelyThe Income Tax Department has issued a stern warning to citizens. Scammers are sending fake emails and messages claiming tax refunds. These...
- CBDT flags bogus claims on political and charitable donationsThe Central Board of Direct Taxes has uncovered significant misuse of tax deductions for political and charitable donations. A campaign has...
- Manipulated again: I-T busts fresh fraud in political donation tax deduction claimsThe Income Tax Department is cracking down on fraudulent tax deductions, revealing manipulation even after taxpayers were given a chance to...
- Income Tax Dept cracks down on bogus claims of tax deductions like 80GGC; What can taxpayers do?The Income Tax Department is cracking down on fraudulent tax deduction claims, including those under sections like 80GGC, 80E, 80D, 80EE, 8...
- Bogus deduction claims: I-T searches 150 sitesThe Income Tax Department executed a nationwide search across 150 locations, targeting entities suspected of claiming fraudulent tax deduct...
- I-T dept raids 200+ premises for fake deductions under political donations, tuition, medical claimsThe Income Tax Department has launched extensive raids across India, targeting individuals and entities involved in facilitating fake tax d...
- Revise your returns or face penalty: Taxman detects fake donations, issues warningThe income tax department has highlighted widespread bogus claims related to political and charitable donations, and investment and interes...
- Do you claim rent and home loan exemptions? You could be under IT scanner. Read howThe Income Tax Department has employed AI to investigate taxpayers' returns, with fraudulent claims related to house rent and housing loan ...
- Large number of IT, govt employees from Andhra Pradesh filed incorrect returns: Income Tax dept"Many of the assesees work in government departments, PSUs and prestigious IT companies. It is also noticed that a large number of such tax...
- One arrested in connection with fake GST invoices worth Rs 72 croreFake e-way bills were generated for several vehicle numbers, bogus invoices were received by the accused from the operator of fake firms fo...
- Lied in your tax return? You are liable, not your ITR preparer and here's how to save yourselfThousands of taxpayers file faulty tax returns. For that, the taxpayer is liable, not the ITR preparer.
- How income tax department can penalise you for under-reporting, misreporting incomeAs per the I-T laws, in case of misreporting of income the I-T officer can levy a penalty of 200% of the amount of tax payable on under-rep...
- Income tax department warns salaried taxpayers against tax evasion by under-reporting incomeThe income tax department has warned salaried taxpayers against under-reporting income or inflating deductions/exemptions while filing inco...
- CBI files FIR against scamsters filing returns under fake TDSThe deduction was also mentioned in the forms issued to the taxpayers on the basis of which they claimed tax refunds from the income tax de...
- Cybercriminals impersonate India's income tax department to deliver malwareSymantec said that cybercriminals are targeting India, US and other countries with fraudulent "tax deduction" emails to steal information.
- Madoff victims can claim theft lossInvestors allegedly defrauded by Bernard Madoff and R Allen Stanford will be allowed to claim theft losses as deductions on their tax retur...
- I-T probe likely to cover Satyam bankers tooIT dept, investigating into Satyam's tax payments and returns, may expand probe to cover banks which held its deposits. Funny side of Satya...
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