Tax department detects HRA fraud with illegal usage of PANs

Income tax department uncovered a PAN fraud scheme where individuals misused PANs for house rent allowance claims, leading to the detection of numerous high-value cases. The misuse may entail legal repercussions, including penal interest and tax payments.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FTrfuzq
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