Income Tax Department Alerts Taxpayers on Mismatch Issues

The income tax department has initiated an SMS and email alert campaign for taxpayers and non-filers where discrepancies have been identified between transactions reported in the Annual Information Statement (AIS) and income disclosed in Income Tax Returns (ITRs) for the financial years 2023-24 and 2021-22.

According to a statement released by the Central Board of Direct Taxes (CBDT), this electronic campaign aims to assist taxpayers in resolving mismatches between the income and transactions reported in the AIS and those disclosed in ITRs. The campaign also targets individuals with taxable income or significant high-value transactions in their AIS who have not filed ITRs for the respective years.

The initiative is part of the implementation of the e-Verification Scheme, 2021. The Annual Information Statement (AIS) provides a comprehensive view of information for a taxpayer, which can be accessed and reviewed on the income tax department portal. Taxpayers can provide feedback on the information displayed in AIS, which shows both the reported value and the modified value after considering taxpayer feedback.