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E Campaign notices - Income Tax Notices

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T.N.Reddy

M.Com

313 Points Posted on 09 April 2022

Dear Sir,

We are receiving the communication (e Campaign) from ITD with DIN on account of High value transactions. On verification of the same, certain interest entries on FDS, and saving bank accounts reported in 26AS are not considered in the computation. Now I am ready to pay the tax, but for filing the revised return time is over by 31/03/2022 for the Assessment year 2021-2022. How do I pay that tax and file the revised return. Kindly advise.

Replies (7)

Quick Summary

This discussion addresses concerns about receiving eCampaign notices from the Income Tax Department regarding high-value transactions. Users are seeking guidance on how to respond when certain interest entries in Form 26AS were not included in their original tax computation, and the deadline for filing a revised return has passed. Advice includes responding via the compliance portal, potentially visiting the Income Tax Officer (ITO) for approval, and exploring the option of filing an 'Updated Return of Income' if applicable.

Eswar Reddy S

CFO- at NHTF

15022 Points Posted on 09 April 2022

You have to visit the ITO and get the approval ..

First submit the response to e compaign from compliance portal

ALAMELU.N.N

student

127 Points Posted on 10 April 2022

There is no procedure notified as if now for those who missed info as given in e campaign whe filing ITR. As of now you can accept the income whichever is found correct and deny which is not. If you get any intimation from the department to pay the differential tax you may do that at that time.

CA Raj Doshi

Practising CA

5649 Points Posted on 10 April 2022

You can file Updated Return of Income as proposed in Finance Budget 2022 once the functionality is rolled out. However, you will have to check if the same is applicable for AY 2021-22