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TAX DEDUCTIONS FRAUD
Balance sheet trick: Decoding another manipulation, and how to spot a bad apple in your portfolio before othersThere is one line in the accounts that most investors skip because it looks routine. But behind that line can sit disputed demands, old los...- Filing at the last minute? Don’t make these 7 expensive tax mistakesMany people rush to file taxes close to the deadline and make costly mistakes. Simple errors like wrong details, missing income, or late fi...
- 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...
- IRS adds Schedule 1-A form for 2025, miss it and you could lose tax breaksSchedule 1-A is a new tax form for 2025 that many people must file to get extra tax benefits. It includes deductions for overtime, tips, ca...
- Waiting on your Tax refund? These 5 costly mistakes could be the reasonMany taxpayers wait longer than expected for their tax refund during tax season. Experts say small mistakes in a tax return can slow down t...
- Are you ready for your refund? IRS issues new update before April 15 deadlineIRS tax deadline 2026: About 55 million Americans have already filed taxes in 2026, but many still risk missing the IRS tax deadline April ...
- Rs 7 lakh income, Rs 2 lakh donation to a political party: How fake contributions led to Section 80GGC tax deduction claim rejectionA Mumbai man's Rs 2 lakh donation to a political party for tax deduction backfired. The Income Tax Appellate Tribunal (ITAT) Mumbai disallo...
- Rs 27K income tax liability became Rs 9.44 lakh: Pune taxpayer claims fake deductions of Rs 10.65 lakh; taxman imposes 200% penalty; ITAT upholds fineA Pune taxpayer faces a hefty Rs 9.44 lakh penalty for misreporting Rs 10.65 lakh in deductions, including fake claims for political donati...
- Tax refunds could be delayed in 2026 after major 2025 law changes, lawmakers warnIRS warns of possible delays in 2026 tax refunds. New deductions for tips and overtime complicate filings. Staff cuts and high turnover lea...
- 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...
- Shinde wins Rs 1.4 lakh tax penalty case despite claiming false income tax deductions to reduce income by 50%; Know the detailsMr. Shinde faced a penalty for claiming false tax deductions. He blamed his consultant, Mr. Patil, for the error. Shinde promptly paid the ...
- Trump promotes tax breaks, says ‘whole country will end up like Detroit’ if Harris becomes PresidentDuring a speech at the Detroit Economic Club, Donald Trump unveiled new tax proposals aimed at boosting domestic auto production and offeri...
- How to file ITR for FY23-24: Claim deductions, exemptions carefully while filing income tax return or you may end up in jailTwo out of three respondents in our survey believed honest people pay more tax, while one out of five respondents felt that the tax authori...
- Five tips to help NRIs optimise tax savings while living and earning abroadThese tips include making the most of your pension fund and home loan deductions, as well as maximizing the provisions on the sale of forei...
- 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 a Bengaluru case turned the Income-Tax Department's gaze on India's salaried classSalaried employees so far had bothered little about income tax department closing in on the evaders. But not any longer. The scenario has c...
- AAR relief for Mahindra Satyam in US tax caseThe Authority for Advance Rulings has said Mahindra Satyam will not face any penalty for non-deduction of tax on payments made to the US go...
- I-T department begins probe into Satyam scamThe Income Tax department is probing the Satyam fraud with a focus on tax deducted at source and benami deals. Satyam: Full Coverage | Top ...
- TDS details of Satyam employees under I-T lensThe TDS submitted by Satyam surpassed that of large companies such as ONGC, TCS and Air India, according to I-T dept data.
- Single TDS certificate for taxpayers on cardsThe way tax payers track their TDS certificates is expected to undergo a sea change and they may not have to enclose several TDS certificat...
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