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The Minister of State in the Ministry of Finance, Shri Pankaj Chaudhary in a written reply in Lok Sabha Stated, "Government has no plan to bring change in Capital gain structure."

Government has no plan to bring change in Capital gain structure

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The Income Tax Department released Frequently Asked Questions on e-Verification Scheme 2021 as a lots of various question arised in the mind of taxpayers out of this e-Verification Scheme.

Income Tax Faqs on E-verification Scheme 2021

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.

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Government has no plan to bring change in Capital gain structure

Income Tax Faqs on E-verification Scheme 2021

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

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

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

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