• UGI USER
  • Mar 11, 2024
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CBDT ALERTS ASSESSEES OF FY24 TAX MISMATCHES VIA EMAIL, SMS

Why in the news?

Income Tax Department alerts taxpayers of FY24 tax discrepancies via email/SMS urging correct tax computation and deposit by March 15.

About Emails and SMS Notifications: 

  • The Income Tax Department is notifying taxpayers via emails and SMS about tax mismatches for FY 2023-24 (AY 2024-25).
  • Taxpayers are encouraged to rectify discrepancies by computing and depositing due advance tax by March 15.
source:slideserve
About CBDT(Central Board of Direct Tax):

●    Statutory body under Central Board of Revenue Act, 1963.

●    Part of Ministry of Finance, India.

●    Formulates direct tax policies, oversees tax collection.

●    CBDT comprises a Chairman and six members.

●    Members have specialised functions like Income Tax, Legislation, Revenue, Personnel & Vigilance, Investigation, and Audit & Judicial.