The Economic Times News

I-T dept clarifies why intimations on property deals, foreign assets and AIS mismatches are being sent

The Income Tax Department is sending advisories to taxpayers about potential mismatches in their income tax returns. Taxpayers have until December 31, 2025, to revise their returns or file belated ones. If a return is processed after this date and an error is found, taxpayers can apply for rectification. This process helps correct mistakes apparent from the record.