Senior citizen paid ₹9.91 lakh tax on tax-free bond interest by mistake: How he got a refund

3 weeks ago 10
A senior citizen from Gurugram mistakenly reported ₹25.42 lakh of tax-exempt bond interest as taxable income, resulting in excess tax of ₹9.91 lakh. After the assessing officer rejected his rectification plea, the ITAT directed that the income be treated as exempt and the refund granted.
Read Entire Article