Tax Alert in 15K –20k Cases: The ‘Swapped Provisions’ Trap
Tax Alert in 15k to 20k cases: The ‘Swapped Provisions’ Trap via attempted to reduce their tax liability The Income Tax Department has reportedly identified 15k to 20k cases where taxpayers allegedly attempted to reduce their tax liability by replacing one exemption or deduction with another while filing revised returns u/s 139(5) or updated returns …