CBDT Initiates Online Effort to Help Taxpayers Correct Income Mismatches:

CBDT Initiates Online Effort to Help Taxpayers Correct Income Mismatches The Central Board of Direct Taxes (CBDT) started an online campaign under the e-Verification Scheme, 2021. This campaign helps taxpayers correct any differences between the information shown in their Annual Information Statement (AIS) and what they reported in their Income Tax Returns (ITRs) for the financial years 2023-24 and 2021-22. Especially those with high amounts of tax and high-value transactions reflected in AIS but not captured in the ITR. An SMS or e-mail would be sent as reminders for and guidance to these taxpayers; included in this also are those non-filers yet to file their ITR. Key Points of the Initiative: 1. Identifying Mismatches: The income and transactions in the AIS are matched against the details in the ITRs. In case of any differences, alerts are generated. 2. SMS and Email Notice to Taxpayers The taxpayers and the non-filing taxpayers are being informed through their mobile phones and email. 3. Deadline for ITR Filings:

• For FY 2023-24: The due date for revised or belated ITRs is December 31, 2024.
• For FY 2021-22: The due date for furnishing new ITRs is 31st March, 2025.

Seeking Feedback on AIS Information Taxpayers are free to look at any discrepancy in their AIS. They can do so by giving feedback on the said discrepancies through the AIS portal. The AIS portal may be accessed on the e-filing website of the Income Tax department at https://incometax.gov.in/iec/foportal/ This e-campaign reflects the Income Tax Department's commitment to leveraging technology for greater transparency and simplified compliance. It is a part of the Viksit Bharat vision where the idea is to simplify the tax system and be more taxpayer-friendly. Taxpayers are being appealed to utilize this opportunity of filing taxes with complete accuracy so that they are not only adding to the growth of the economy of the country but also building a culture of trust, responsibility, and voluntary compliance.