Quick Summary
The Income Tax Department has released a clarification on the social media platform X (formerly known as Twitter), addressing concerns and questions surrounding notices sent to individuals who have already filed their income tax returns (ITRs). The department aims to provide transparency and clear any confusion regarding the notices received by taxpayers. The clarification made by the department is as follows Some references have come to the notice of the Income Tax Department regardin
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FAQ :
You may have received a communication because there appears to be a mismatch between the transactions you disclosed in your Income Tax Return (ITR) and the information received by the Income Tax Department (ITD) from reporting entities.
No, the department clarifies that this is an advisory communication, not a formal notice or demand. Its purpose is to facilitate taxpayers and make them aware of information available with the ITD.
You are requested to respond to the communication on priority. You can provide your feedback online on the Compliance Portal of the ITD and, if necessary, revise your filed return.
The last date for revising or filing a belated return for Assessment Year 2023-24 is December 31, 2023.
Information is received from 'Reporting Entities' regarding transactions made by taxpayers.
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