Tax Connect
madhuvridhi
Tag: salaried person
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Income Tax: A mismatch between what an employer computes and what an employee claims can drag both under the taxman’s glare.
The Income Tax (I-T) department is using a fine-tooth comb to nab discrepancies in the tax deducted at source, or TDS, by companies and the declarations by its employees in the annual I-T returns.
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Salaried employees are getting income tax notices
If you have claimed a fake deduction or exemption in your Income Tax Return (ITR), you may land in trouble. Several reports recently said that the Income Tax Department has been sending notices to salaried taxpayers, seeking proof of tax exemptions and deductions claimed by them in ITR.