The Income Tax Department said that some references have come to them regarding recent communication sent to taxpayers pertaining to transaction(s) made by them.
The income tax department is referring to the automated intimations via email being sent to many taxpayers about AIS mismatch, property transaction, foreign income, foreign asset, car purchases, etc.
The Income Tax Department said: “Taxpayers may please note that such communication is to facilitate the taxpayers & make them aware of the information available with the ITD regarding the transactions reported by the Reporting Entities during the year.”
The tax department further explained:
- The communication is just an advisory sent in only those cases where there is an apparent significant gap between disclosures in the ITR & information as received from the Reporting Entities.
- The objective of the communication is to provide an opportunity to taxpayers for voluntary correction by reviewing their AIS & facilitate them to provide their feedback online on the Compliance Portal of Income Tax Department &, if necessary, revise their Returns already filed OR to file the belated Return if not filed, so far.
- The last date for revising or filing a belated return for AY 2025-26 is 31st December 2025. Taxpayers are requested to respond promptly via Compliance Portal if discrepancies exist or ignore if your filing is correct.
Source from: https://x.com/IncomeTaxIndia/status/2001630604081922452
