Taxmen find mismatch in rent paid by employees against amount received by recipients
Data analysis was carried out in some high-value cases of mismatch: CBDT
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Data analysis was carried out in some high-value cases of mismatch: CBDT
The statement also highlighted the objective of the e-verification which was to alert cases of mismatches of information for FY21 only without affecting others.
There have been reports on social media and in the news about CBDT inquiries into cases where employees have inaccurately claimed HRA and rental expenses
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Income Tax Returns 2024: If a taxpayer was unable to file the belated return within the specified deadline (December 31) due to valid reasons, they have the option to seek a condonation of delay from the Central Board of Direct Taxes (CBDT) under Section 119 of the Act.