Income Tax department imposes Rs 2.2 lakh penalty on retired government employee for gratuity tax exemption claim – how she won case in ITAT
The Cochin Income Tax Appellate Tribunal’s analysis centres on the taxpayer’s disclosure compliance. (AI image) While filing your income tax return and claiming tax exemptions, it is important to be aware of the limits and applicability. In one such case where the taxpayer was mistaken about the amount of tax exemption available to her for…