CBDT sends alerts on mismatch in ITRs, AIS – Times of India-OxBig News Network

NEW DELHI: The income tax department on Tuesday said it is sending SMS and emails to taxpayers and non-filers where it has identified mismatch between transactions reported in Annual Information Statement (AIS) and income disclosed in ITRs for the financial years 2023-24 and 2021-22.
In a statement, the Central Board of Direct Taxes (CBDT) said it has launched an electronic campaign to assist taxpayers in resolving mismatches between the income and transactions reported in the AIS and those disclosed in Income Tax Returns (ITRs).
This campaign also targets individuals who have taxable income or significant high-value transactions reported in their AIS but have not filed ITRs for the respective years. The initiative is part of the implementation of the e-Verification Scheme, 2021.
Annual Information Statement (AIS) is comprehensive view of information for a taxpayer. Taxpayers can access AIS on the income tax department portal and provide feedback on information displayed in AIS. AIS shows both reported value and modified value (i.e. value after considering taxpayer feedback). agencies