Misrepresenting income or expenses in your ITR can lead to a 200% penalty, 24% annual interest, and even criminal prosecution under Section 276C of the Income Tax Act.

The Income Tax Department has unearthed fake deductions worth Rs 1,045 crore, withdrawn by 40,000 taxpayers after AI-based verification and crackdown. Learn which exemptions were bogus, who was ...

The Income Tax Department has launched a massive crackdown on fraudulent ITR refund claims facilitated by certain chartered accountants and intermediaries. These professionals have been found running ...