The Income Tax Department has stated that taxpayers should not interpret the email as a notice. It is simply intended to inform them that the deductions and exemptions claimed in their original return do not appear to be correct. Therefore, taxpayers should recheck their original returns.
Add informalnewz.com as a Preferred Source
Many taxpayers’ returns have not yet been received. This year, the deadline for filing income tax returns was September 16th. Refunds are typically credited to taxpayers’ bank accounts within 3-4 weeks of filing. However, this time, the situation is different. The Income Tax Department itself has explained this.
The Income Tax Department has sent emails
The Income Tax Department has stated that it has launched a NUDGE campaign for taxpayers whose exemption, deduction, and refund claims have been found to be inconsistent. This time, the Income Tax Department has utilized technology extensively to verify returns. The department’s systems have flagged several returns whose data does not match the data in Form 16 or Form 26AS. In some cases, incorrect HRA claims are suspected. In some returns, the department has doubts about the deductions claimed for donations.
Taxpayers should not consider the mail as a notice
The department has sent emails or text messages to all such taxpayers. The department has stated that taxpayers should not treat such emails as a notice. Their purpose is simply to inform them that the deductions and exemptions claimed by them in the original return do not appear to be correct. Therefore, taxpayers should recheck their original returns. If they find any errors, they have the option to correct them.
Opportunity to rectify errors until December 31st
If a taxpayer believes they have inflated data or claimed incorrect deductions, they can file a revised return by December 31st. The deadline for filing revised and belated returns is December 31st. After this deadline, taxpayers will no longer have the option to file an updated return. This will result in additional tax payments and a longer wait for a refund.
Updated returns must be filed after December 31st.
There is no fee for filing a revised return. Furthermore, there is no risk of receiving a notice from the Income Tax Department later. If taxpayers fail to file their revised returns by December 31st, the department may initiate further investigations. This could cause significant difficulties for taxpayers. The Income Tax Department says that taxpayers can avoid such difficulties by filing a revised return.
