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of <h1>Misreporting Income Under Income Tax Act: Key Scenarios and Chapter X Provisions Explained</h1> Misreporting of income under the Income Tax Act includes several scenarios: misrepresentation or suppression of facts, not recording investments in the books, claiming unsubstantiated expenditures, recording false entries, failing to record receipts impacting total income, and not reporting international transactions or specified domestic transactions as per Chapter X provisions.
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