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Slower tax refunds after ITR filing? Income Tax Department detects false exemption claims of Rs 700 crore; majority under old regime
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The Income-Tax Department is cracking down on fraudulent tax exemption claims, estimated at ₹700 crore, leading to potential refund delays, especially for claims over Rs 10 lakh. Discrepancies include fabricated medical expenses and false donations, primarily under the old tax framework. What's Your Reaction?
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