Wednesday, February 13, 2019

Income Tax Assessment Error caused Loss of Rs. 6000 Cr Tax from Realty Firms: CAG Report

The Comptroller and Auditor General (CAG), in its report tabled in Parliament on Tuesday, found that the income tax department has caused a loss of Rs 6,093 crore to the exchequer due to 1,183 mistakes made in assessing the income-tax returns (ITRs) of real estate companies between financial years 2013-14 and 2016-17. According to the […]

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