Verification Scheme News Today

Unless a taxpayer can provide a satisfactory explanation for the mismatch of income, he may have to consider filing an updated tax return. While failure to provide a response on the I-T portal will attract no penalty now, ignoring to resolve this matter can result in future litigation.

The District Consumer Disputes Redressal Commission-III, West Delhi bench comprising Ms Sonica Mehrotra (President), Ms Richa Jindal (Member) and Mr Anil Kumar Koushal (Member) held Bank of India,...

Kohima, November 24 (MExN): A Tax Payers Lounge at the 24th Hornbill Festival (December 1 to 10) in Kisama Heritage Village, Kohima will be inaugurated by Member (TPS), Central Board of Direct Taxes, HBS Gill, IRS on December 1. He will be visiting as Sta

DIMAPUR, AUGUST 13 (MExN): An insightful and interactive outreach programme aimed at fostering tax awareness and promoting compliance, particularly focusing on e-Verification and Statement of Financial Transactions (SFT), was successfully conducted on Aug

The dynamic annual information statement can cause a mismatch in data, even after returns are filed. To avoid delay in processing or refund, check your AIS, submit a feedback based on whether the expenses or taxes mentioned are valid or not.

Income Tax Department selects 68,000 cases for e-verification, taxpayers should respond.

The income tax (I-T) department has selected 68,000 high-value transaction cases on a pilot basis pertaining to the financial year 2019-2020 for e-verification