Important clarification issued Income Tax Department on Sending Notices to Taxpayers who already filed Income Tax Returns
The Income Tax Department issued a clarification on ‘X’ (formerly known as Twitter), regarding the notices sent to persons who had already filed their income tax returns (ITRs).
Some references have come to the notice of the Income Tax Department regarding recent communication sent to taxpayers pertaining to transaction(s) made by them.
Taxpayers may please note that such communication is to facilitate the taxpayers & make them aware of the information available with the ITD regarding the transactions reported by the Reporting Entities during the year.
It is not a notice sent to all taxpayers, but is an advisory sent in only those cases where there is an apparent mismatch between disclosures in the ITR & information as received from the Reporting Entity.
The objective of the communication is to provide an opportunity to taxpayers & facilitate them to provide their feedback online on the Compliance Portal of ITD &, if necessary, revise their Returns already filed OR to file the Return if not filed, so far.
The last date for revising or filing belated return for AY 2023-24 is December 31, 2023. Taxpayers are requested to respond to the communication on priority.
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