CBDT’s e-Campaign: Fix Your AIS Mismatches
The Central Board of Direct Taxes (CBDT) has rolled out a new e-campaign to resolve AIS mismatches in Income Tax Returns (ITRs) for FY 2023-24 and FY 2021-22. This initiative aims to help taxpayers address discrepancies between the Annual Information Statement (AIS) and their filed ITRs. It also targets those with high-value transactions who haven’t yet filed their returns.
📚 What Is the e-Campaign About?
CBDT’s e-campaign leverages the e-Verification Scheme, 2021 to:
- Identify mismatches between AIS and ITRs.
- Notify taxpayers via SMS and email about these mismatches.
- Offer an opportunity to file revised or belated ITRs to correct discrepancies.
This initiative ensures a smoother, more transparent tax compliance process.
📊 Key Deadlines for AIS Mismatches Resolution
| Financial Year | Action Required | Deadline |
|---|---|---|
| FY 2023-24 | File revised/belated ITR | 31st Dec 2024 |
| FY 2021-22 | File updated ITR | 31st Mar 2025 |
💸 Why You Should Resolve AIS Mismatches
Failing to address AIS mismatches may lead to:
- Tax notices and penalties.
- Additional scrutiny by the Income Tax Department.
- Loss of opportunity to correct inaccuracies voluntarily.
By resolving mismatches, taxpayers contribute to the government’s vision of a Viksit Bharat (Developed India).
🛍 How to Fix AIS Mismatches
- Check Your AIS: Log in to Income Tax Portal.
- Review Transactions: Compare AIS data with your ITR.
- Provide Feedback: Disagree with incorrect AIS entries via the portal.
- File Corrected ITR: Submit revised or updated ITR by the deadline.