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Claiming fake deductions, rent receipts while filing your ITR can lead to heavy penalties

It is important for individuals to ensure that they have proofs and required documents for all the deductions and tax exemptions claimed while filing income tax return. This is to ensure that if in the future years the income tax department asks the individual to provide proofs to substantiate the deductions claimed. If the proofs are unsatisfactory then it can lead to heavy penalties.
Abhishek Soni Divakar Vijayasarathy Income Tax Department Income Tax Act Income Tax Heavy Penalties

BBCNEWS BBC News at One June 4, 2024 12:16:00

For most people, for instance, if i were in arrears with a utility company and they wanted that money back, first of all, theyd have to talk to me or theyd come to a place like this and get a county courtjudgment against me. but for people on benefits, they dont need to do that. ive always said a loaf of bread will be about a fiver by the time my kids are like 15, 16. and the way that the worlds going at the moment, its probably going to end up like that. that includes chelsea ellerman, who live...
Utility Company Money Back County Courtjudgment Chelsea Ellerman Noah S Ark Centre

BBCNEWS BBC News at One June 4, 2024 12:17:00

I mean, back in pre october 2019, someone on uc could lose 40% of their money to pay debts, and it almost felt like the dwp were becoming the countrys biggest debt collection agency. in a statement, the department for work and pensions said the scheme strikes a fair balance between protecting people from the serious consequences of not dealing with uncontested debts for essential services, and making sure outstanding bills are paid. safeguards are in place to allow claimants to dispute deduction...
Department For Work And Pensions Debt Collection Agency October 2019 Essential Services Bbc News Phil Mackie

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BBCNEWS Verified Live June 4, 2024 14:13:00

Could also harm what decision the ecowas subregion or the leaders of ecowas subregion or the leaders of ecowas are likely to come up with, and it would also affect the fight against insurgency.— against insurgency. chris, very close to the — against insurgency. chris, very close to the border _ against insurgency. chris, very close to the border between i against insurgency. chris, very- close to the border between nigeria and niger, thank you for the latest. around the world and across the ...
West African Regional Bloc Ecowas Ecowas Subregion First Niger Bbc News Chris Ewoker Law Charity

BBCNEWS Verified Live June 4, 2024 16:18:00

Way out of the conundrum. although thejunta has way out of the conundrum. although the junta has arrived... way out of the conundrum. although thejunta has arrived... also way out of the conundrum. although the junta has arrived... also quick restoration of democracy. an election less than two years ago, president bazoum was elected... quick restoration of democracy, only a crisis manufactured for their own selfish reasons. minority within the military and one or two units. thank ou so military ...
Thank Ou Bbc News House Prices Mortgage Lender Law Charity 285 Thousand

BBCNEWS BBC News June 4, 2024 09:10:00

At killamarsh are who are really hopeful lionesses win today. in the 80th minute- _ hopeful lionesses win today. in the 80th minute. nigeria _ hopeful lionesses win today. in the 80th minute. nigeriajust - hopeful lionesses win today. in the 80th minute. nigeria just bringing on a substitute. a formidable team for england to face. nine time african cup of nations winners. around the world and across the uk. this is bbc news. lets look at some other stories making news. newly released figures fro...
At Killamarsh Hopeful Lionesses Win Today Nigeriajust Hopeful Lionesses Win Today Southern England African Cup Of Nations Bbc News

BBCNEWS The Context June 4, 2024 19:17:00

Earlier so they dont feel, they wont have to come in small boats at all. wont have to come in small boats at all there _ wont have to come in small boats at all there are — wont have to come in small boats at all. there are vacant houses in the uk that— all. there are vacant houses in the uk that could be taken care of and housed within the community, especially in these kind of troubling times where there is a time _ troubling times where there is a time of— troubling times where there is...
It Doesn T Won T Asylum Seekers Bbc News Asylum Application Asylum Waiting

Salaried getting income tax notices for deductions of FY21-22 ITR: Watchouts for current ITR

Salaried individuals have come under income tax departments scanner for making fake deductions claims in the income tax returns filed last year i.e., for FY 2021-22 (AY 2022-23). Hence if you are filing income tax return now, then you must not make certain mistakes to avoid getting income tax notices.
Naveen Wadhwa Suresh Surana Research Advisory Income Tax Act Economic Times News App Daily Market Updates

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