Income-Tax Department implements e-verification to address ITR 'mismatches'. Here's what to do

The Income Tax (I-T) Department has introduced on-screen functionality on the compliance portal of its e-filing website to address "mismatch" in information from third parties compared to taxpayers' I-T Returns (ITR), it said on February 26..

The I-T Department said it has identified discrepancies in the information received from third parties regarding interest and dividend income when compared to taxpayers' ITR..

Notably, some taxpayers have not filed their ITR, it added..

The on-screen functionality is user-friendly and allows taxpayers to reconcile mismatches directly on the portal without the need for additional documents..

Taxpayers who have disclosed interest income under the 'Others' category in Schedule OS of the ITR need not respond to interest income mismatches..

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