CBDT is sending emails, SMS to income tax payers having mismatch in tax and financial transactions – Dainik Savera Times
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New Delhi : The Income Tax Department has started sending emails and SMS to those taxpayers whose tax paid during the current financial year is not in line with their financial transactions. The department gave this information. The department is running an e-campaign.
Its objective is to inform such persons/entities through email (marked as Advance Tax e-Campaign-Important Transactions for Assessment Year 2024- 25) and SMS about important financial transactions and ask them to calculate their advance tax. to do,
It is requested to pay the tax liability correctly and deposit the outstanding advance tax on or before 15th March. In a statement, the Central Board of Direct Taxes (CBDT) said that the Income Tax Department has received certain information on specific financial transactions undertaken by individuals/entities during the financial year 2023-24.
CBDT said, based on the analysis of taxes paid so far during the current financial year, the department has identified individuals/entities whose taxes for the financial year 2023-24 (assessment year 2024-25) are underpaid by them. Does not correspond to the financial transactions carried out.
It said this is another initiative of the department towards strengthening its commitment towards streamlining compliance for taxpayers and enhancing taxpayer services. The Income Tax Department obtains information about specified financial transactions of taxpayers from various sources.
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