Income Tax department reportedly sent thousands of tax notices to individuals. Here's why
Taxpayers in Maharashtra and Gujarat receive tax notices questioning deductions claimed under Section 80 P.
Source: livemint.com
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Taxpayers in Maharashtra and Gujarat receive tax notices questioning deductions claimed under Section 80 P.
Many taxpayers complained they got notices for claiming deductions that are available only to cooperative societies. Still, they need to respond within 15 days lest refunds are adjusted or additional taxes become payable.