ITR is not filled by doing thick transaction, so be careful! This is the plan of income tax department
- CBDT launches e-campaign
- ITR will contact if it is not fined or there is a mess in the return
- Last date to fill IRT is 30 July 2020
The Income Tax Department is starting an e-campaign from Monday, under which it will directly contact people who have either made rough transactions income tax return (Income Tax Return) is not filed, then there is a problem or deficiency in any detail given in their return. Central Board of Direct Taxes (Central Board of Direct Taxes) said on Saturday that it is starting an e-campaign from July 20 to contact such people. The board said that it has identified some people who have not filed returns for the assessment year 2019-20 (in the context of the financial year 2018-19) despite their very rough transactions or their There are drawbacks in returns. Let us know that the last date for filing and revising the IT returns for the assessment year 2019-20 is 31 July 2020.
What is CBDT plan?
CBDT said that analyzing the data from the return filing till date has revealed some taxpayers who have done a lot of transactions, but they have returned for assessment year 2019-20 (with reference to FY 2018-19). Have not filed Apart from those who have not filed returns, many such people who have filed returns have been identified, whose transactions with higher funds and their income tax returns do not match.
The department said that the 11-day e-campaign will end on July 31, 2020 and during this time the focus will be on those who have either not filed returns, or have some shortcomings in their returns. Under this campaign, the Income Tax Department will send email or SMS to the identified taxpayers, so that the details of their transactions can be verified according to the information received. The Income Tax Department has received this information from documents like Financial Transaction Statement Statement of Financial Transactions (SFT), Tax Deduction at Source (TDS), Tax Collection at Source (TCS), Foreign Remittances (Form 15CC).
The board said that the purpose of the e-campaign is to help taxpayers verify tax or financial transaction information online and to promote voluntary acceptance. Under this campaign, taxpayers will be able to access information related to their financial transactions on the portal. At the same time, they will also be able to submit online response, so that they will not have to go to the income tax office.
(With input from language)