While filing the Income Tax Return, the details of a taxpayer get auto-populated from Form 26AS as a pre-filling technique into the ITR form. However, this pre-filling feature is missing in upcoming returns forms

Notice RBI: There has been a decrease in the overall worth of Rs. 2000 notes in circulation, accounting for approximately 10.8% of the total as of March 31, 2023, which is around Rs 3.62 lakh crore.

According to experts, the recent implementation of automated scrutiny of Goods and Services Tax (GST) returns by the central government may result in taxpayers receiving notices when there are discrepancies between various types of tax returns.