Income Tax Department cracks down False Deduction Claims in ITRs
The Income Tax Department has launched a massive verification drive across India to crack down on bogus claims of deductions
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Income Tax Code of Business/ Profession for ITR
The Income Tax Business Code is a classification system by India’s Income Tax Department aimed at identifying taxpayers’ business activities. Selecting the correct code is vital for accurate tax reporting and to avoid scrutiny. Taxpayers can find the appropriate code and check the applicability of provisions 44AD and 44ADA online.
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