In December, the Income-tax Department sent SMS and email alerts flagging mismatches in reported income and non-disclosure of foreign assets. This article explains how such information reaches the tax system—through SFT filings, TDS/TCS data and global information-sharing frameworks—and what taxpayers should do to stay compliant in a data-driven tax regime.
from Tax-Wealth-Economic Times https://ift.tt/sBy8CZY
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