Income Tax Department asks taxpayers to file latest ITR by March 31
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There is a discrepancy between the information on financial transactions recorded in some ITRs filed by the Central Board of Direct Taxes for assessment year 2021-22 and the information available with the department.
New Delhi. The Income Tax Department on Monday said taxpayers whose cases have been marked under the e-verification scheme can file updated income tax returns for assessment year 2021-22 by March 31. There is a discrepancy between the information on financial transactions recorded in some ITRs filed by the Central Board of Direct Taxes (CBDT) for the assessment year 2021-22 (FY 2020-21) and the information available with the department.
In cases where returns have not been filed for assessment year 2021-22, but the department has information about high value financial transactions, they should also be scrutinized. In such a situation, under the E-Verification Scheme-2021, the department is sending information to the taxpayers regarding the mismatched information. The Income Tax Department has asked such taxpayers to file updated ITR.
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