Income Tax Department is sending emails and SMS on irregularities in tax…

These days the Income Tax Department is sending emails and SMS to taxpayers. Emails and SMS are being sent to those taxpayers whose tax paid during the current financial year is not as per their transactions. The Income Tax Department has shared this information on March 10.

The Income Tax Department is running an e-campaign across the country, in which individuals and entities are being informed through email or SMS regarding important financial transactions. The department is running an e-campaign, in which notices are being sent. Through this notice, the department is asking taxpayers to calculate advance tax, pay tax liability correctly and deposit the outstanding advance tax by March 15.

The Central Board of Direct Taxes has also issued a statement in this regard. According to this statement, the Income Tax Department will have to obtain information on financial transactions made by individuals or entities during the financial year 2023-24. Based on the analysis of tax paid so far during the current financial year, such persons have been identified whose transactions are not in line with their financial transactions.

According to the statement, this is an important initiative of the department towards simplifying compliance for taxpayers and strengthening its commitment towards enhancing taxpayer service. The Income Tax Department traces the transactions done by taxpayers from different sources. 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.