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Income Tax Form 26AS: Now More Than ₹ 20,000 Hotel Bill Will Be Seen In Your ITR, Know What Else Has Changed

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The Government of India has decided to increase the scope of items already shown in Form 26AS. To curb tax evasion, the Indian government has decided to increase the scope of items already shown in Form 26AS. Now this list will also include white good purchases, payment of property tax, payment of Mendical and Life Insurance premium and payment of hotel...

Careful! 7 Years Imprisonment For Willful Tax Evasion, Know What The Income Tax Department Says?

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Tax evasion is a very big crime. The Income Tax Department has a stringent punishment against tax evaders.  If a person attempts to defraud in any way by reducing or pledging any type of tax, penalty or interest, or reporting his income, he should be given a minimum of 3 months to 7 years of bars. Will have to put it...