Income tax alert: Taxpayers must complete this process now

 


Taxpayers have been asked to ensure timely compliance with notices issued by Income tax department. This is for those whose cases are under scrutiny.

The income tax department has issued a reminder to taxpayers. Income Taxpayers, whose cases are under scrutiny, must complete the process by March 31, 2022. The tax department has asked taxpayers to timely comply with notices issued by it.

“Gentle reminder to taxpayers whose cases are under scrutiny,to be completed by 31.03.2022!” Income Tax India tweeted.

“Pl ensure timely compliance with notices issued by ITD calling for information/details. Failure to comply with the notice may result in Best Judgment assessment based on material on record,” the tax department tweeted.

Central Board of Direct Taxes (CBDT) issued refunds of more than Rs. 1,83,579 crore to more than 2.09 crore taxpayers, Income Tax India tweeted.

Income tax refunds of Rs 65,938 crore have been issued in 2,07,27,503 cases and corporate tax refunds of Rs 1,17,641 crore have been issued in 2,30,566 cases, according to the tax department.

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