per capita income – News Express

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Per capita income to nearly double in 5 years: Finance minister Sitharaman – Times of India

adminOctober 4, 202403 mins

NEW DELHI: India will nearly double per capita income in the next five years and will see steepest rise in living standards for its citizens, along with reduced inequality on account of the reforms undertaken by govt, finance minister Nirmala Sitharaman said on Friday.“While it took us 75 years to reach a per capita income…

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Making exaggerated, bogus claims to get refunds punishable offence: I-T department – Times of India

adminJuly 28, 202403 mins

NEW DELHI: The Income Tax Department has cautioned taxpayers against making false claims on their income tax returns, such as overstating deductions, understating income, or claiming expenses that are not genuine. These actions are considered offenses that can result in penalties and may delay the processing of refunds.According to the department and the Central Board…