New Delhi : In the financial year 2019-20, the Income Tax Department is conducting e-verification of 68,000 cases for not declaring full income in the income tax return. According to Nitin Gupta, chairman of the Central Board of Direct Taxes (CBDT), the department has currently selected around 68,000 cases for 2019-20 for e-verification based on risk management parameters. Of these, in 56% i.e. 35,000 cases, the taxpayers have already sent satisfactory replies or filed revised ITRs. In the remaining 33,000 cases, no response has been received from the taxpayers. According to Gupta, so far 15 lakh revised ITRs have been filed and Rs 1,250 crore has been deposited as tax. Taxpayers have time till March 31, 2023 to file revised ITR for 2019-20.
Why e-verification is necessary: E-verification helps to identify discrepancies found in the actual financial transactions of taxpayers and the details of income furnished in the ITR (Income Tax Return). If taxpayers feel that the discrepancy pointed out in the e-verification is correct, they can send a reply to the Income Tax Department with their clarifications.