Senior Citizen Pays Rs 9.91L Excess Tax Due to ITR Mistake
Ajay Kumar Bakaya, a senior citizen from Gurugram, invested Rs 3 crore in government tax-free bonds in 2013. For AY 2022-23, he mistakenly reported Rs 25.42 lakh interest as taxable income instead of exempt income, paying Rs 9.91 lakh excess tax. After missing the revised ITR deadline, his rectification request was rejected, leading him to appeal to the Income Tax Appellate Tribunal.
Economic Times·4h ago·Gurugram

