ITR Update: Income Tax Department said that to correct this mismatch, e-Verification 2021 scheme has been launched.
Income Tax Return: The Income Tax Department has received information about many such taxpayers whose mismatch has been found between the information given in the Income Tax Return and the information about interest and dividend income received from third parties. In such cases, there are many taxpayers who have not filed income tax returns. The Income Tax Department has identified such taxpayers. To remove this mismatch, the Income Tax Department is providing an opportunity to the taxpayers to correct it by visiting the e-filing portal. Taxpayers are being informed about the mismatch by sending SMS and email.
The Income Tax Department said that it has found flaws in the information provided by taxpayers regarding interest and dividend income in the income tax returns filed for the financial years 2021-22 and 2022-23. The information received about interest and dividend income from third parties i.e. banks and brokerage houses does not match with the ITR of the taxpayers. The Income Tax Department said that there are many taxpayers who have not even filed the income tax return.
The Income Tax Department said that to correct this mismatch, it has launched the e-Verification 2021 scheme. Onscreen facility has been provided in the Compliance Portal in the Income Tax e-filing website https://eportal.incometax.gov.in so that this mismatch can be corrected. The Income Tax Department said that at present the information related to the mismatch for the financial years 2021-22 and 2022-23 is available on the compliance portal. Taxpayers are being informed about this mismatch by sending SMS and email.
The Income Tax Department said that taxpayers who are not registered on the e-filing website will have to register. Taxpayers who are unable to correct the mismatch can report their income correctly through an updated income tax return.
