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How ITR's Automated Reconciliation Works Feb 17, 2024

Income Tax

How ITR's Automated Reconciliation Works The income-tax department is set to launch a screen-based automated reconciliation system for plugging mismatches between returns filed by taxpayers and information processed by the department. In some select cases, people who did not file I-T returns (ITR) can use the automated reconciliation facility. In the first phase, information mismatches related to financial years 2021-2022 and 2022-2023 will be considered. Sources said no notice needed to be issued for this, and the I-T department would send alerts through SMS and e-mail to taxpayers where mismatches were identified.

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