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Dec 18, 2024
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CBDT campaign to resolve income discrepancies in annual statement, returns
The Central Board of Direct Taxes (CBDT) has started an electronic campaign to assist taxpayers in resolving discrepancies between income and transactions reported in their annual information statement (AIS) and Income Tax returns (ITR). The initiative, for financial years 2023-24 (FY24) and 2021-22 (FY22), also helps individuals who have not filed their ITRs despite having taxable income or significant high-value transactions reported in their AIS.
The campaign is part of the e-Verification Scheme, 2021, to simplify tax compliance and ensure transparency. As part of the drive, the Income Tax Department has sent informational messages via SMS and email to taxpayers and non-filers where mismatches have been identified between AIS-reported transactions and ITRs filed.
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