Income tax department sends advisories to taxpayers over mismatches in ITR. Did you receive? What should you do?
I-T department and, if necessary, revise their returns already filed or to file the return if not filed, so far, it added. "Taxpayers are requested to respond to the communication on priority," the I-T department said.
When a taxpayer receives this intimation, he/she should review the same. “If you have also received this tax advisory ,act promptly by providing feedback through the Compliance Portal and if required, do file the revised return (if already filed) or file a belated return if not filed yet.
Remember, the window for revising or filing a belated return for AY 2023-24 closes on December 31st, 2023," said Abhishek Soni, CEO, Tax2win Taxpayers can also refute differences on the portal that he doesn’t agree to give reasons, said Aarti Raote “It is critical to еnsurе that your ITR, TDS, and TCS dеductions arе in sync for a smooth tax filing procеdurе. To minimisе any issues in thе assеssmеnt procеss, taxpayеrs should carefully rеviеw thе Incomе Tax dеpartmеnt's advisory, cross-vеrify information, and swiftly corrеct any diffеrеncеs," said Agam Gupta, Exеcutivе Dirеctor, Sharе India FinCap Ensuring accurate tax filings is crucial, and the advisory sent by the Income Tax department over a mismatch in ITR, TDS/TCS deductions signifies the importance of aligning disclosures in the ITR with information from reporting entities.
Taxpayers should note that the deadline to file the final belated and revised income tax returns (ITRs) for FY 2022-23 (AY 2023-24) will end on December 31, 2023. Disclaimer: The views and recommendations made above are those of individual analysts, and not of Mint. We advise investors to check with certified experts before taking any investment decisions. Milestone Alert!
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