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The Income Tax Department clarifies that Taxpayer will get notice by department under e-Verification Scheme if mis-match between ITR and AIS continues.

Taxpayer to get notice under e-Verification Scheme if mis-match between ITR and AIS continues

The Income Tax Department has notified that Taxpayer can file ITR-U in case of mismatch between ITR and information shared by reporting entity.

Taxpayer can file ITR-U in case of mismatch between ITR and information shared by reporting entity: CBDT

The Income Tax Department has implemented a number of progressive measures to promote voluntarily filing taxes and support an open and non-intrusive tax administration.

CBDT’s e-Verification Scheme harnesses Information Technology to facilitate Voluntary Compliance

On a pilot basis, in about 68,000 cases, information of financial transactions pertaining to FY 2019-20 has been taken up for e-Verification. So far, e-Verification has been completed by the designated Directorate in approximately 35,000 cases and remaining are under verification.

E-Verification Scheme of CBDT is another initiative facilitating voluntary compliance

The deadline for depositing Advance Tax for financial year 2022-23 is March 15, 2023. Income Tax Department is constantly reminding taxpayers to deposit advance tax. Yet,

Taxpayers fear due to IT Department message regarding payment of Advance Tax

The income tax department has picked 68,000 cases for e-verification for unreported or underreported income in tax returns for the 2019-20 financial year, according to CBDT.

AIS and ITR Mismatch: 68,000 cases summoned by Income Tax Department

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