Irregularities in Providing Tax Concession

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..... Irregularities in Providing Tax Concession - News and Press Release Dated:- 18-7-2014 - News - Exemptions and tax concessions under the Income-tax Act, 1961 ( Act ) are provided in accordance with .....

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..... the provisions of the Act. However, any exemption or tax concession wrongly claimed in the returns of income filed by the tax payers are liable to be detected during processing of such returns or the .....

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..... ir scrutiny. The monitoring mechanism prevalent for detection of such cases as of now includes system of Audit (both Internal and C AG) and inspections/reviews done by supervising authorities. No s .....

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..... uch data is maintained for the number of cases arising therefrom and action taken theron and the outcome therefrom in a centralized manner. This information was given by the Union Minister of Finan .....

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..... ce, Shri Arun Jaitley in written reply to a question in Lok Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxT .....

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..... MI - TMITax .....

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