CBDT To Help Taxpayers Resolve Income, Transaction Mismatches

New Delhi: The Central Board of Direct Taxes (CBDT) has launched an electronic campaign to assist taxpayers in resolving mismatches between the income and transactions reported in the An-nual Information Statement (AIS) and those disclosed in Income Tax Returns (ITRs) for the fi-nancial years 2023-24 and 2021-22, according to an official statement issued on Tuesday.

The campaign also targets individuals who have taxable income or significant high-value transac-tions reported in their AIS but have not filed ITRs for the respective years, the statement said.

The initiative is part of the implementation of the e-Verification Scheme, 2021.

As part of this campaign, informational messages have been sent via SMS and email to taxpayers and non-filers where mismatches have been identified between transactions reported in AIS and the ITRs filed.

The purpose of these messages is to remind and guide individuals who may not have fully disclosed their income in their ITRs to take this opportunity to file revised or belated ITRs for FY 2023-24, according to the CBDT statement.

The last date to file these revised or belated ITRs is December 31, 2024.