Received intimation notice from I-T dept? Rectify or clarify discrepancies

If you agree with the notice, file updated return and pay tax dues; if you disagree, send explanation

ITR, Tax, income tax, income tax returns

The due date for income tax return (ITR) filing for FY 2021-22 and the Assessment Year or AY 2022-23 is 31st July 2022. Photo: Shutterstock

Bindisha Sarang
Around 22,000 taxpayers have received intimation notices after the Income-Tax (I-T) Department identified discrepancies between the deductions claimed by taxpayers in their income-tax returns (ITRs) and the information available with the department. These intimation notices have been sent under Section 143 (1) of the I-T Act and are for ITRs filed for the assessment year 2023–24.

Says Ankit Rajgarhia, principal associate, Karanjawala & Company, Advocates: “These discrepancies can occur when the deductions mentioned in the taxpayer’s Form 16 (a salary certificate issued by the employer), Annual Information Statement (AIS), or the data the I-T Department has on record do not match.”

Shivani Bhushan, senior associate at TAS Law, explains that these intimation notices have been sent to salaried individuals, high-net-worth individuals, Hindu

First Published: Sep 11 2023 | 8:45 PM IST

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