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Shaurya Verma13 Dec 2019Income Tax Department has notified from time to time issuing advertisements, requesting tax-payers to report their correct income in their Income Tax-Returns. Under reporting income or inflate deductions and abetted by unscrupulous intermediaries has been noted with concern. The offences related to it are punishable under various penal and prosecution provisions of the Income Tax Act.
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Things Income Tax payers should be careful about.