From the article quoted above,
Apparently the IT-Dept. were previously performing the “historical consistency checks”
NOT at the time of processing the Income-Tax Return (ITR), but at a later date.
This led to sending out of income tax notices out of the blue throughout the year.
Henceforth. these historical consistency checks, now being performed during processing of the ITR itself, enables folks to address any inconsistencies in their ITR with less hassle,
i.e. in response to a query/request for clarification upon one’s ITR
raised sooner than before by the IT-Dept., when one’s ITR is being processed.
However, there are a couple of days left in the financial year to wrap-up one’s finances though
i.e. until the end of this financial year, 31-03-2025. (eg. book any income/loss in this financial year, perform any actions to take advantage of applicable tax-deductions, …)
Until then,
to avoid having to pay interest/penalty later, at the time of filing one’s tax returns (ITR) for the financial year.
please ensure that you have been paying any Advance tax within the deadlines each quarter. ( if applicable to you as per the IT-act )