Responding to notices for AIS mismatch:

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Responding to notices for AIS mismatch:

Taxpayers often receive the following message form the Income Tax Department regarding mismatch in the AIS with the Income Tax Return filed:

“Income Tax Department has identified certain information for FY: 2022-23, which are available on AIS. It has been observed that either the Return of Income has not been filed or if the Return of Income has been filed for the relevant FY, the same is not in line with the Information value available with the Income Tax Department. To view the Information mismatch and to submit your response, you are required to login at e-Filing portal and select ‘Compliance Portal’ under ‘Pending Actions’ tab. On Compliance portal home page, navigate to ‘e-Verification’ tab.”

The above message means that there are certain transactions pertaining to taxpayers, the information of which is available with Income Tax Department but the same has not been declared in the Income Tax Return filed by taxpayer. So the taxpayer is requested to either provide appropriate explanation or file Updated Return to reconcile the same.

We can respond to the message in the following manner:

  1. Provide Feedback in AIS Provide Explanation

  1. Submit the Updated ITR under section 139(8A) of the IT Act, 1961, if eligible Feedback in AIS can be provided by clicking on the “Provide feedback, if required” hyperlink provided against the “(B) Accepted by Taxpayer”.

  1. Once the feedback is provided in AIS the Value Accepted by Taxpayer and the difference value will get updated automatically.

  1. Explanation can be provided by clicking on the “Provide Explanation, if required” hyperlink provided against the “(E) Explanation for difference”. Upon providing the explanation the difference value will get updated automatically.

  1. In case the response is submitted with some values against “(F) Difference value for which updated ITR under section 139(8A) of the IT Act, 1961 need to be filed to avoid multiple compliances, if eligible”, then you are expected to furnish an updated return of income under section 139(8A) for the difference value.

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