Received an intimation from the IT department? Check the details reported in the ITR

The income tax department has sent intimations to taxpayers to check the accuracy of the transaction undertaken/income received by the taxpayer during the financial year 2023-24 and if they have been correctly reported in the ITR.
 

There is nothing to worry about if the details reported in the ITR are as per the Annual Information Statement (AIS). However, you must confirm the transactions undertaken/income earned in the AIS portal. To complete this task, taxpayers must follow these steps:-
 

Steps to confirm the transaction: 
 

Step 1: Log in to the income tax e-filing portal. Go to https://eportal.incometax.gov.in/iec/foservices/#/login and enter your login credentials.

Step 2: Go to ‘Pending Actions’ > ‘Compliance Portal’ > ‘E-Campaign (AY 2021-22 Onwards)’

Step 3:Click on the ‘Proceed’ button, and you will be directed to the AIS portal.

Step 4: Under the ‘e-Campaign’ list, click on the link provided under DIN.

Step 5: Click on the ‘Provide Feedback in AIS’ button.

Step 6: Click the ‘TDS/TCS Information’ tab and select the relevant section(s) to expand.

Step 7: Check if all the information provided is correct.

Step 8: If the information is correct, you may submit a bulk response stating that the information is correct.

Step 9: You can also submit feedback for individual transactions by clicking on the ‘Optional’ button.

Step 10: Once you complete confirmation of TDS/TCS information, proceed to the next section, i.e. click on the ‘STF Information’ tab.

Step 11: Expand relevant section(s) under the ‘SFT Information’ tab.

Step 12: Check if the information provided is correct.

Step 13: If they are correct, you may submit a bulk response stating the ‘Information is correct’.

Step 14: If some of the information is incorrect, you may submit either ‘Information is denied’ or ‘Information is not fully correct’. If the information is repeated, submit ‘Information is duplicate/included in other information’.

Step 15: Similarly, confirm the transaction details in the ‘Payment of Taxes’, ‘Demand and Refund’, and ‘Other information’. You may follow the same process as TDS/TCS information and STF information.

If the details in the ITR are not disclosed/partially disclosed as per the AIS, then it is prudent to file a revised ITR on or before 31st December 2024. Taxpayers must show the incomes appearing in the AIS, the incomes already reported in the ITR and pay off any additional income tax while filing the revised return.