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The Income Tax Department receives information of specified financial transactions of taxpayers from various sources. To increase transparency and to promote voluntary tax compliance, this information is reflected in the Annual Information Statement (AIS) module and is available to the persons/entities for viewing.
New Delhi: The Income Tax Department has identified some persons and entities whose payment of taxes for financial year 2023-24 is not commensurate with
Persons/entities who are not registered on the e-filing website have to first register themselves on the e-filing website.
The Income Tax Department has initiated an e-campaign to notify taxpayers whose taxes paid during the current fiscal year do not match their financial transactions. Through emails and SMSs marked as "Advance Tax e-Campaign-Significant Transactions for AY 2024-25," taxpayers are urged to accurately calculate and deposit their advance tax by March 15.
The Income Tax Department has received certain information on specific financial transactions undertaken by persons/entities during 2023-24.