Taxpayers Fear Over IT Department’s Message About Paying Advance Tax; Tax advice to the department
The deadline to deposit the fourth installment of the Advance Tax for the 2022-23 tax year is March 15, 2023. The Department of Income Tax constantly reminds taxpayers to deposit the advance tax. However, the Tax Department has sent such messages to some taxpayers, with the wording expressing strong dissatisfaction. Tax professionals say the tax department’s rhetoric is instilling fear in taxpayers. This letter from the tax department is also becoming popular on social media.
Uproar over the message from the Income Tax Department
The Income Tax Department has notified taxpayers that they must deposit the advance tax. The Income Tax Department advises taxpayers: “The Income Tax Department has received information regarding some key financial transactions for the fiscal year 2022-23 (Assessment Year 2023-24).”
You can view these transactions by going to the electronic campaign tab of the Compliance Portal and carefully depositing the entire advance tax.” By clicking on the Statement of Information, you can access the Compliance Portal (AIS). Click the Electronic Campaign tab in the Compliance Portal. Then, under the campaign type, select Substantial transaction.
Advice to the Tax Department to be courteous
According to Ved Jain, former president of ICAI, the Income Tax Department reminds taxpayers to pay taxes in advance before March 15, 2023. It is a wonderful message to send to taxpayers. However, the content of the message has instilled anxiety and apprehension among taxpayers. The statement from the Department of Income Taxes makes taxpayers feel that they have done something wrong.
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