look news india
Income Tax Return: The Income Tax Department has received information about many taxpayers whose information given in their income tax returns and the information about interest and dividend income received from third parties have been found to be discrepant. In such a situation, there are many taxpayers who have not filed income tax returns. The Income Tax Department has identified such taxpayers. To remove this discrepancy, the Income Tax Department is providing an opportunity to the taxpayers to correct it by visiting the e-filing portal. Taxpayers are being informed about the discrepancy by sending SMS and emails.
The Income Tax Department said it has found flaws in the information provided by taxpayers regarding interest and dividend income in the income tax returns filed for the financial years 2021-22 and 2022-23. Information received about interest and dividend income from third parties i.e. banks and brokerage houses does not match the ITR of the taxpayers. The Income Tax Department said that there are many taxpayers who have not even filed the income tax return.
The Income Tax Department said that to correct this anomaly, it has launched the e-Verification 2021 scheme. Onscreen facility has been provided in the Compliance Portal in the Income Tax e-filing website https://eportal.incometax.gov.in to correct this discrepancy. The Income Tax Department said that currently the information related to discrepancy for the financial years 2021-22 and 2022-23 is available on the compliance portal. Taxpayers are being informed about this discrepancy by sending SMS and emails.
The Income Tax Department said that taxpayers who are not registered on the e-filing website will have to get registered. Taxpayers who are unable to correct the discrepancy can report their income correctly through updated income tax returns.