The department is undertaking an e-campaign that aims to inform such persons/entities of “significant financial transactions”, through email (marked as Advance Tax e-Campaign-Significant Transactions for AY 2024-25) and SMS.
MIL-OSI Asia-Pac: Income Tax Department to mount e-campaign for Advance Tax e-campaign for F.Y. 2023-24 foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
The Income Tax Department has identified some persons and entities whose payment of taxes for financial year 2023-24 is not commensurate with the financial transactions made by them during this period, the Finance Ministry said on Sunday.