Income Tax Alert: Received a message? Don't panic, ITD clarifies discrepancies

• Income Tax Department (ITD) is sending genuine alerts about high-value transaction discrepancies.
• Messages highlight mismatches between ITRs and data from banks, mutual funds, property deals, identified via AIS.
• Purpose is to inform taxpayers, allowing self-correction before potential penalties.
• Taxpayers must log in to incometax.gov.in, check AIS/TIS, provide feedback, or file a revised ITR.
• Deadline for revised/belated ITR (AY 2025-26 / FY 2024-25) is December 31, 2025.

Why It Matters: ITD alerts are genuine; check your AIS/TIS and correct discrepancies by December 31, 2025, to avoid penalties.