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AI IN TAX VERIFICATION
ITR filing season AY 2026-27: Received Section 143(2) notice for AY 2025-26? What it means and how to respondAs Section 143(2) scrutiny notices for AY 2025-26 reach taxpayers during the ITR filing season for AY 2026-27, this article explains why ta...- Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick to reduce net tax liability; Know what to do now to fix thisThe Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax li...
- ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
- Sebi board meeting: Open market buyback is back and intraday borrowing for MFs; 5 key decisions investors should knowSebi approved a series of reforms to improve market efficiency and investor protection. Key changes include the return of exchange-based bu...
- Income tax alert: These taxpayers could receive scrutiny notices by June 30, 2026 under Section 143(2)The CBDT has set June 30, 2026, as the deadline for issuing scrutiny notices under Section 143(2) for FY 2025-26 returns. An internal deadl...
- ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...
- Filing your ITR early for AY 2026–27? Why you should wait till June 15With the utilities for ITR filing for AY 2026–27 being available now, many taxpayers are planning to file their returns early. However, inc...
- South Africa withdraws AI policy due to fake AI-generated sourcesSouth Africa's initial national AI policy has been shelved following alarming findings that it included fictitious citations, likely produc...
- Filing ITR just got easier: This new AI chatbot helps with income tax queries, forms and rules; check detailsThe Income Tax Department has launched Kar Saathi, an AI chatbot on its revamped portal to simplify tax filing. This tool offers 24/7 assis...
- Fake court citations, real punishments: How AI mistakes are landing lawyers in trouble worldwideCourts globally are penalising lawyers for submitting fake legal citations generated by AI, emphasizing that AI errors do not excuse profes...
- Received income tax notice despite being a salaried taxpayer? Don’t panic; here’s how you can respondIncome tax notices can be stressful for salaried employees, but most are routine queries that can be resolved quickly. From understanding w...
- Reimagining GST registration through Agentic AI frameworkIndia’s GST registration process is both tedious and costly. The multi-agent systems (MAS) architecture, which leverages AI, has the potent...
- Income-Tax Department detects ₹700 crore in fraudulent exemption claimsThe Income-Tax Department has uncovered fraudulent exemption claims amounting to approximately ₹700 crore, prompting enhanced risk assessme...
- Facing mismatch in Form 26AS, AIS, and Form 16 while filing ITR? Here’s what you can doChartered accountants highlight persistent mismatches in the income tax portal's Form 26AS and AIS, causing reconciliation issues and filin...
- Worried about income mismatch in ITR? Here's how the compliance portal can help you fix it with certain incomeIncome tax mismatch: To help individuals identify the cause of income tax mismatch, the tax department has launched a new scheme called 'E-...
- IT department launches mobile App for taxpayers to view and correct AISTaxpayers can use the app to view their information related to Tax deducted at Source (TDS), interest, dividends, share transactions, tax p...
- Tax department takes up 68,000 cases for e-verification: All you need to know about e-verification schemeThe Income Tax Department had introduced the e-Verification Scheme, 2021, which was launched on December 13, 2021, to encourage voluntary t...
- Errors in AIS financial transactions? What to do if you get an e-verification notice from tax departmentIf a taxpayer notices errors in the financial transactions listed on their Annual Information Statement, they can raise issue. The tax depa...
- Taxman picks up 68,000 ITRs for e-verificationCBDT chairman Nitin Gupta said the list included both corporate and individual income tax returns. He said these were flagged by the system...
- 68,000 cases picked up for e-verification for income mismatch in AIS, ITR for FY 2019-20"On a pilot basis, about 68,000 cases pertaining to 2019-20 fiscal have been taken up for e-verification based on risk management parameter...
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