Slower tax refunds after ITR filing? Income Tax Department detects false exemption claims of Rs 700 crore; majority under old regime
ITR filing FY 2024-25: The tax authorities have identified many instances of false exemption claims submitted by taxpayers. (AI image) ITR filing FY 2024-25: The Income Tax Department is cracking down on false tax exemptions being claimed by people in their Income Tax Returns. Most of these exemptions, under the old income tax regime, are…