Income Tax Department’s E-Campaign: Promoting Tax Compliance

Income Tax Department Launches E-Campaign

To Ensure Tax Compliance for Financial Transactions The Income Tax Department has initiated an e-campaign aimed at ensuring tax compliance for specific financial transactions undertaken by individuals and entities during the Financial Year (F.Y.) 2023-24.

Identification of Non-Compliant Cases

Following an analysis of taxes paid during the current financial year, the Department has identified cases where tax payments for F.Y. 2023-24 (A.Y. 2024-25) do not align with the financial transactions reported by the concerned individuals/entities.

Notification Process

As part of its taxpayer service initiative, the Department is conducting this e-campaign to notify the individuals/entities of these significant financial transactions. Notifications are being sent via email (labeled as Advance Tax e-Campaign-Significant Transactions for A.Y. 2024-25) and SMS, urging recipients to accurately calculate their advance tax liability and remit the due advance tax on or before March 15, 2024.

Information Gathering

The Income Tax Department gathers information on specified financial transactions of taxpayers from various sources.

Promoting Transparency and Compliance

To enhance transparency and encourage voluntary tax compliance, this information is included in the Annual Information Statement (AIS) module, which individuals/entities can access for viewing.

Accessing Significant Transactions

Individuals/entities can log in to their e-filing accounts (if already created) and navigate to the Compliance Portal. Within this portal, they can access the e-Campaign tab to view significant transactions.

Registration Process

Individuals/entities not registered on the e-filing website must first complete the registration process. They can do so by clicking the ‘Register’ button on the e-filing website and providing the necessary details.

Department’s Commitment

This e-campaign is another step taken by the Department to facilitate compliance for taxpayers and underscores its commitment to enhancing taxpayer services.