look news india
Income tax department: If you file Income Tax Return (ITR) and have already filed your tax return for the years 2021-22 and 2022-23, then there is important news for you. It may be possible that you need to correct some mistakes in your ITR. The Central Board of Direct Taxes (CBDT) has said that it has found discrepancies (ITR details mismatch) in some income tax returns and third party information, which taxpayers will have to correct.
What has CBDT said?
The Income Tax Department on Monday said it has found discrepancies in the income tax returns filed by some taxpayers and information about dividend and interest income received from third parties. The Central Board of Direct Taxes (CBDT) said in the statement that the e-filing website https://eportal.incometax.gov.in (https://eportal.incometax.gov.in) compliance portal is available to the taxpayers. To express your views. But arrangements have been made.
The Income Tax Department has identified some discrepancies between the information received from third parties on interest and dividend income and the Income Tax Returns (ITR) filed by taxpayers. It has been said that in many cases the taxpayers have not even filed their ITR. At present, discrepancies have been found in the information related to 2021-22 and 2022-23 on the e-filing compliance portal.
What options do taxpayers have now?
Measures have been taken to enable taxpayers to give their feedback for rectification of anomalies on the screen of the Compliance Portal of the e-filing website 'https://eportal.incometax.gov.in'. “As per information available with the department, taxpayers are also being informed about the discrepancy through SMS and e-mail,” CBDT said.
It said taxpayers who are unable to explain the discrepancy may consider the option of submitting updated income tax returns to rectify the case of under-reporting of income. CBDT said details of discrepancies identified will be available under the 'e-verification' tab on the portal.