US EditionIncome Tax department sends SMS/emails for bogus political donation claims
4 Articles
4 Articles
Income Tax department sends SMS/emails for bogus political donation claims
The Central Board of Direct Taxes (CBDT) alerts that a huge amount of bogus claims have been made on account of donations to Registered Unrecognised Political Parties (RUPPs) or Charitable Institutions and reduced their tax obligations
NUDGE Campaign: CBDT Warns Taxpayers Against Fake Donation Deductions
NUDGE Campaign: CBDT Warns Taxpayers Against Fake Donation Deductions The Income Tax Department is taking action against the intermediaries who helped in the Income Tax Return (ITR) filing with bogus claims of deductions and exemptions under the Income Tax Act. It was discovered that some of these intermediaries have set up a network of their […]
The Income Tax Department has taken a tough stance against those evading tax by claiming false deductions and fake exemptions. The Central Board of Direct Taxes (CBDT) has gone into action mode and has identified taxpayers and intermediaries who have made fraudulent claims in their tax returns. Such taxpayers have been warned to rectify their returns. A formal notice issued by the CBDT said that a large-scale data-driven investigation has reveal…
Income Tax Department Sends SMS/Emails For Bogus Political Donation Claims
New Delhi, Dec 13: The Income Tax department has started sending SMS and email advisories to taxpayers for wrongful deduction claims related to unrecognised political parties or charitable institutions, the finance ministry said on Saturday. The Central Board of Direct Taxes (CBDT) said through data analysis it has observed that huge amount of bogus claims have been made on account of donation to Registered Unrecognised Political Parties (RUPPs)…
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