CBDT No notice to taxpayers in case of minor I-T return filing mismatch

CBDT No notice to taxpayers in case of minor I-T return filing mismatch

The tax man will no tissue demand notice to tax payers incase there is a minor mismatch between their income tax return and the corresponding tax credit data.

The measure, introduced in the Financial Bill, is aimed at providing relief to salaried tax payers and ease issues of discrepancies that crop up between the information on Form 16(provided by the employer) andForm26AS (taxcredit statement received by the tax department).

The Business Standard, New Delhi, 07th February 2018

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