Taxpayers: Taxpayers are getting a message from the Income Tax Department saying, ‘Income Tax Department has received information regarding certain transactions reported by you in Form 60/61 relating to FY 2021-22. Is.
It is requested that if you do not have PAN number, the same can be implemented under Form 49A immediately or else the same should be submitted to the PAN Number Reporting Unit within 15 days from the campaign execution date.’
This is an SMS that many taxpayers have recently received from the Income Tax Department. The official Twitter handle of the Income Tax Department itself confirmed the sending of the SMS by tweeting.
It was said from his side, ‘This is a genuine SMS/email from the Income Tax Department. Recipients of this SMS/Email please note: If you do not have PAN, you are requested to obtain PAN and report the PAN to the Reporting Entity (RE)….
The following SMS message is the recent add to the communication by the IT Department
Reply, what’s your approach to such a message?#IncomeTax @IncomeTaxIndia @income pic.twitter.com/ujtaE8qxyy
— Karnataka State Chartered Accountants Association (@KSCAA_CA) August 8, 2023
What is Form 60?
An individual is often required to quote/submit their Permanent Account Number (PAN) for various financial transactions. However, if the person does not have PAN, then Form 60 has to be submitted.
Why is the tax department sending this SMS to the taxpayers?
According to ET, Mumbai-based chartered accountancy firm N.A. According to Gopal Bohra, Direct Taxation Partner, Shah Associates, ‘Any person who does not have a PAN and has done certain specified transactions in a financial year, that’s why they are getting this SMS.’ In this case, specified transaction means such transaction where quoting of PAN is mandatory.
