Taxpayers Panic Over AIS-ITR Mismatch Emails; Experts Blame Irrelevant Transactions

• Income Tax Department is sending bulk emails to taxpayers regarding mismatches between ITR and AIS data.
• Tax expert Abhas Halakhandi states these emails cause "unnecessary panic" as many flagged transactions are capital in nature (e.g., property/vehicle purchases from savings, loans, gifts) and not income.
• Halakhandi argues that including such irrelevant capital transactions in mismatch notices creates trust issues among compliant taxpayers.
• Chartered Accountant Avneesh Malik confirms similar emails to clients, advising them not to worry if taxes are paid diligently.
• Taxpayers and experts suspect these emails might be due to AI automation glitches or bureaucratic delays.

Why It Matters: AIS-ITR mismatch emails are causing panic due to flagged non-income transactions; experts advise caution.