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ITR 2024: Income Mismatch In ITR? Don't Worry Here How You Can Fix It

ITR 2024: Income Mismatch In ITR? Don't Worry Here How You Can Fix It
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Income-tax-department , Compliance-portal , Compliance-portal- , E-verification-scheme , Income-tax-returns , Annual-information-statement , Income-tax , Mismatch-error , Enhance-tax , Pending-action , What-if-you-cant-explain

Mismatch In ITR Filed? Here's What To Do Next

The tax department advised taxpayers to file amended income tax returns (ITRs) for the 2021-22 assessment year by Sunday, March 31, 2024

It-department , Income-tax-department , Income-tax-return , Annual-information-statement , It-act , Case-of-income-tax-mismatch , Pending-action , Compliance-portal- , Tr , Ncome-tax , Ncome-tax-returns

Income Tax dept is calculating your advance tax liability by tracking these financial transactions: Here's how to check on compliance portal

The Income Tax Department said, "The Income Tax Department receives information of specified financial transactions of taxpayers from various sources. This information is reflected in the Annual Information Statement (AIS) module and is available to the persons/entities for viewing. The value of ‘Significant Transactions in the AIS has been used for carrying out this analysis." Read here to know what are these 'specified financial transactions'.

Naveen-wadhwa , Bank-or , Income-tax-department , Stamp-valuation-authority-is-rs , Nidhi-companies , Sk-patodia , Mutual-fund , Mihir-tanna , Financial-transaction , Income-tax , Might-also-like , Postmaster-general

ITR portal shows inflated income to some taxpayers; Rs 450 showed as Rs 45000. Here's what to do if you face similar issue

The Income-tax department said on X said that they have "identified certain inconsistencies in the data of the securities market (SFT-17) provided by one of the Reporting Entities." It appears that due to this the Income-tax department's 'Compliance Portal' showed highly inflated transaction values for some taxpayers in their annual information statement (AIS). Some taxpayers say that their sale consideration of Rs 4 lakh got inflated to Rs 17 crore. There are many taxpayers who complained on X about the 'Compliance Portal' showing inflated transaction values in their AIS.

Mumbai , Maharashtra , India , Chirag-chauhan , Naveen-wadhwa , Income-tax-department , National-securities-depository-limited , Central-depository-services-limited , Compliance-portal- , Advance-tax , Might-also-like , Compliance-portal

ITR E-Verification: Received an e-verification notice? Here's what you need to know to avoid consequences

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

Income-tax-department , Income-taxe-verification , Income-tax-return , Annual-information-statement , Verification-scheme , Pending-action , Compliance-portal- , Document-identification-number , Tax , Ncome-tax , E-verification-notice

Not disclosed interest on FD, bank savings? Be ready for Income Tax Dept notice

Not disclosed interest on FD, bank savings? Be ready for Income Tax Dept notice
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India , Adhil-shetty , Ankit-gupta , Compliance-portal-of-the-income-tax-department , Tax-department , Income-tax-department , Income-tax , Income-tax-return , Assessment-year , Compliance-portal , Compliance-portal- , Annual-information-return