403
Sorry!!
Error! We're sorry, but the page you were
looking for doesn't exist.
Income Tax Department To Send Notice To Taxpayers For ITR Mismatch
(MENAFN- Live Mint) "The Income Tax Department on Monday said it is in the process of issuing notice to taxpayers pertaining to a 'mismatch' between the information filed in the Income Tax Return (ITR) vis-a-vis information of specified financial transactions, as available with the department, for the assessment year 2021-22 (FY 2020-21).The tax department urged the taxpayers to file updated income tax returns (ITRs) for the assessment year 2021-22 by March 31, 2024. This applies to individuals whose cases have been flagged under the e-verification scheme due to mismatches or missing information Read |
Tata Motors to demerge businesses into two separate listed companiesThe tax department said in cases where taxpayers have not filed ITRs for the assessment year 2021-22, and the department is in possession of information on specified high-value financial transactions, they also need to examine and file the updated returns.“In cases where ITRs for A.Y. 2021-22 have not been filed and, the Department is in possession of information of specified high-value financial transactions, the same also needs to be examined,” the tax department statement read Read | SBI requests Supreme Court to extend deadline for sharing electoral bond dataAs part of the e-verification scheme-2021, the department is sending communications to the taxpayers through their e-mail accounts as registered with the I-T Department, the release added Income Tax Department further urged the taxpayers to access their Annual Information Statement (AIS) through the e-filing portal of the Income Tax Department. By reviewing the AIS, they can identify any discrepancies and file updated ITRs (ITR-U) if necessary.
Also Read | Earthquake today: 3.2 magnitude quake hit Jammu and Kashmir's DodaThe tax department said to increase transparency and to promote voluntary tax compliance, this information is reflected in the AIS module and is available to the taxpayer for viewing.
Tata Motors to demerge businesses into two separate listed companiesThe tax department said in cases where taxpayers have not filed ITRs for the assessment year 2021-22, and the department is in possession of information on specified high-value financial transactions, they also need to examine and file the updated returns.“In cases where ITRs for A.Y. 2021-22 have not been filed and, the Department is in possession of information of specified high-value financial transactions, the same also needs to be examined,” the tax department statement read Read | SBI requests Supreme Court to extend deadline for sharing electoral bond dataAs part of the e-verification scheme-2021, the department is sending communications to the taxpayers through their e-mail accounts as registered with the I-T Department, the release added Income Tax Department further urged the taxpayers to access their Annual Information Statement (AIS) through the e-filing portal of the Income Tax Department. By reviewing the AIS, they can identify any discrepancies and file updated ITRs (ITR-U) if necessary.
Also Read | Earthquake today: 3.2 magnitude quake hit Jammu and Kashmir's DodaThe tax department said to increase transparency and to promote voluntary tax compliance, this information is reflected in the AIS module and is available to the taxpayer for viewing.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Most popular stories
More Story
Comments
No comment