Authorities clarify that compliance alerts for high-value transactions are prompts for voluntary correction rather than a ...
The Income Tax Department clarifies that recent transaction-related SMS and emails sent to taxpayers are advisory in nature ...
The Income Tax Department has rolled out a non-filer monitoring system to track high-value financial transactions by ...
T Department clarified that recent communications aim to help taxpayers voluntarily correct their income tax filings. Details ...
The 2019 Interim Budget focused on bolstering farm incomes, offering tax relief to individual taxpayers. It presented a broad agenda for farmers, workers, and the middle class. Key announcements ...
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Income Tax Dept clarifies emails on AIS mismatch, foreign assets are advisory, not punitive
The clarification follows concerns raised by taxpayers over system-generated intimations related to discrepancies in their ...
The last date for revising or filing belated return for AY 2025-26 is 31st December 2025. Taxpayers are requested to respond ...
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Income Tax Dept Clarifies On Intimations Sent Over AIS Mismatch
The objective is to make taxpayers aware of the data available with ITD and provide an opportunity to review their Annual Information Statement (AIS).
Form 26AS helps taxpayers verify TDS, taxes paid, and refunds before filing returns. Matching it with your records reduces errors and tax ...
Be on the lookout for emails from the Income Tax Department regarding your larger financial dealings. These are friendly ...
The High Court quashed reassessment notices holding that mere receipt of dividends and capital loss does not establish sham transactions. Allegations against fund managers cannot automatically ...
The Income Tax Department clarified that recent communications to taxpayers about transaction discrepancies are advisory, ...
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