ITR Glitch Causes Rebate Miscalculation, Invites Penalties
Beware: ITR Glitch Could Lead to Penalties for Capital Gains Earners Thousands of taxpayers could face penalties for unknowingly claiming an incorrect tax rebate, warns tax advisory platform efiletax. The culprit? A default setting in the Income Tax Return (ITR) utility that miscalculates eligibility for the ₹12,500 rebate under Section 87A. Section 87A offers a … Read more