The Income Tax Department released an update on its Twitter handle dated 11th March 2024 as follows
Based on feedback from taxpayers on the e-campaign for Advance Tax, the Department has identified certain inconsistencies in the data of the securities market (SFT-17) provided by one of the Reporting Entities. The reporting entity has been asked to submit a revised statement based on updated information.
Hence, the data on AIS will be updated. Taxpayers are advised to wait for further updates on AIS based on the revised statement.
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