The Economic Times News

Intimidating tone by I-T dept, Karnataka CA body flags income tax intimations about AIS mismatch, property deal, foreign asset

The Karnataka Chartered Accountant Association has flagged the Income Tax Department's recent intimations. These emails, concerning mismatches in Annual Information Statements, property deals, and foreign assets, use a threatening tone. The association argues this causes undue stress to genuine taxpayers. They urge the department to adopt a facilitative approach, seeking explanations rather than demanding immediate revisions.