Important Update: Income Tax Department’s e-Verification Scheme and Filing Deadlines

As part of the e-Verification Scheme-2021, Income Tax Department (ITD) is in the process of sending communication to taxpayers pertaining to ‘mismatch’ between the information filed in the Income Tax Return (ITR) vis-à-vis information of specified financial transactions, as available with the Department, for ITRs filed for AY 2021-22 (FY 2020-21).

• This information is being communicated to the taxpayers through their e-mail accounts as registered with the ITD.

• The Department urges taxpayers, to view their AIS through the e-filing portal and file updated ITRs (ITR-U), wherever necessary.

• This is to increase transparency and to promote voluntary tax compliance.

• Eligible non-filers can also file their ITR-U.

• The last date for filing ITR-U for A.Y. 2021-22 (i.e. for F.Y. 2020-21) is 31.03.2024.

Promoting Voluntary Compliance through e-Verification Scheme-2021

Income Tax Department receives information of specified financial transactions of taxpayers, from various sources. To increase transparency and topromote voluntary tax compliance, this information is reflected in the AlS module and is available to the taxpayer for viewing.

In some cases of Income Tax Returns (ITRs) filed for A.Y. 2021-22 (F.Y.2020-21), a ‘mismatch’ has been identified, between the information filed in the ITRvis-à-vis information of specified financial transactions, as available with the Department. In cases where ITRs for A.Y. 2021-22 have not been filed and, the Department is in possession of information of specified high value in ancitransactions, the same also needsbe examined.

Accordingly, as part of the e-Verification Scheme-2021, the Department is inthe process of sending communication(s) to the taxpayers for the mismatch ininformation pertaining to A.Y. 2021-22 (F.Y. 2020-21). This information is beingcommunicated to the taxpayers through their e-mail accounts as registered with the Income Tax Department. Vide the said communication, the Department is urgingtaxpayers, to view their AIS through the e-filing portal and file updated ITRs (ITR-U),wherever found necessary by the taxpayer. Eligible non-filers can also submitupdated returns (ITR-U) u/s 139(8A) of the Income-tax Act, 1961.

Lastfor filing of updated returns (ITR-U) for A.Y. 2021-22 (i.e. for F.Y.2020-21) is 31.03.2024.

(Surabhi Ahluwalia)Pr. Commissioner of Income Tax(Media & Technical Policy) &Official Spokesperson, CBDT