Earnings Tax: Earnings Tax Division has launched the date for depositing advance tax. In the meantime, the Earnings Tax Division is sending SMS and e-mail to some tax payers asking for particular info. It’s being advised that the Earnings Tax Division has began sending emails and SMS to these taxpayers whose tax paid through the present monetary 12 months shouldn’t be in accordance with their monetary transactions. The division is operating an e-campaign. Its goal is to tell such individuals/entities via e mail (marked as Advance Tax e-Marketing campaign-Essential Transactions for evaluation 12 months 2024-25) and SMS about necessary monetary transactions, and ask them to pay their advance tax. It’s requested to calculate, pay the tax legal responsibility appropriately and deposit the excellent advance tax on or earlier than March 15.
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ITD to launch e-campaign for advance tax cost!
-To simplify compliance and strengthen taxpayer companies, ITD is operating an e-campaign, via e-mail and SMS, to achieve out to these people/entities whose tax funds should not commensurate with their monetary place. Possibly… pic.twitter.com/nyEyjAEIG5
— Earnings Tax India (@IncomeTaxIndia) March 10, 2024 What did the Central Board of Direct Taxes say
In a press release, the Central Board of Direct Taxes (CBDT) stated that the Earnings Tax Division has acquired sure info on particular monetary transactions undertaken by people/entities through the monetary 12 months 2023-24. CBDT stated that based mostly on the evaluation of taxes paid to date through the present monetary 12 months, the division has recognized people/entities whose taxes for the monetary 12 months 2023-24 (evaluation 12 months 2024-25) are underpaid by them. Doesn’t correspond to the monetary transactions carried out. It stated that that is one other initiative of the division in direction of strengthening its dedication in direction of simplifying compliance for taxpayers and enhancing taxpayer companies. The Earnings Tax Division obtains details about specified monetary transactions of taxpayers from varied sources.
establish the error
You can too simply establish any errors in your taxes. For this, the taxpayer must research his Annual Info Assertion totally. You may obtain this report from the Earnings Tax web site. Other than this, you too can test your monetary transactions via AIS app.
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