The income tax department has announced that it is reaching out to taxpayers and non-filers through SMS and emails to address discrepancies between transactions reported in the Annual Information Statement (AIS) and income disclosed in Income Tax Returns (ITRs) for the financial years 2023-24 and 2021-22. The Central Board of Direct Taxes (CBDT) has initiated an electronic campaign to help taxpayers resolve any mismatches between the income and transactions reported in the AIS and those disclosed in their ITRs.
This campaign specifically targets individuals who have taxable income or significant high-value transactions reported in their AIS but have not filed their ITRs for the respective years. It is part of the e-Verification Scheme, 2021. Informational messages have been sent via SMS and email to taxpayers and non-filers where discrepancies have been identified between transactions reported in the AIS and filed ITRs.
Taxpayers can access their AIS on the income tax department portal and provide feedback on the information displayed. The CBDT aims to remind and guide individuals who may not have fully disclosed their income in their ITRs to file revised or belated ITRs for FY 2023-24, with a deadline of December 31. For cases related to FY 2021-22, taxpayers can file updated ITRs by March 31, 2025. Feedback, including disagreement with the information in the AIS, can be provided through the AIS portal on the e-filing website.
In a previous campaign, messages were sent to taxpayers who had not disclosed high-value foreign income or assets in their ITRs for AY 2024-25. These messages targeted individuals identified through information received under bilateral and multilateral agreements, suggesting possible foreign accounts, assets, or income.
If you have any queries or wish to provide feedback on your AIS, visit the AIS portal on the e-filing website.
