Section 10 of the Income-tax Act: Misusing these provisions to save tax may result in a 200% penalty
· livemint.com
With the ITR deadline approaching, Section 10(14)(i) offers tax-saving potential for salaried employees. However, misuse can lead to scrutiny and hefty penalties. Experts explain eligibility, rules and consequences of false claims.
As income tax return (ITR) deadline is just a day away, Section 10(14)(i) has emerged as a widely discussed tax-saving provision among salaried employees. Sever...