Income Tax Notice: Income Tax Department has sent information notice to 22 thousand taxpayers. The ITR filled by these people is a mismatch because the amount claimed is not found correct.
Income Tax Department Notice For Missmatch ITR: Income Tax Department has sent information notice to 22 thousand taxpayers. This includes salaried and high net worth individuals and trusts. The Income Tax Department has said that the claim of deduction of such people has not matched with Form 16 or Annual Information Statement or according to the figures of the Income Tax Department.
According to the Economic Times report, all this information notice has been sent for the ITR filled for the assessment year 2023-24 and has been sent for the last 15 days. The department has sent about 12,000 such notices to salaried taxpayers, where the difference between the deduction claimed by them and their own data was more than 50,000.
Apart from this, the Income Tax Department has sent notices to 8 thousand HUF taxpayers, where the income discrepancy between the income return file and the Income Tax Department data was more than Rs 50 lakh. Income inequality among 900 high net worth individuals was Rs 5 crore and above. Whereas in 1,200 trust and partnership firms the income disparity was Rs 10 crore and more.
According to primary data, the expenditure or bank account details of 2 lakh taxpayers do not match with the data of the Income Tax Department. According to the Income Tax Department, the expenditure or bank account details of these taxpayers are not as per their bank or UPI related transaction claims.
The Income Tax Department said that if the taxpayer does not respond to it or is unable to give any explanation, then action will be taken on the demand notice. The Income Tax Department said that taxpayers can pay the dues along with interest and file updated returns.
The official said the data is being analyzed in case of corporates, trust and partnership firms and small businesses. Another official said that digitalization has stopped tax evasion and now efforts are being made to make IS more comprehensive and detailed, so that tax evaders can be curbed.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at informalnewz@gmail.com
