Explore key industry updates, regulatory highlights, and business insights from AKSSAI for the Year of 2025-26
Specialized Accounting Services by Akssai
At Akssai, we offer specialized accounting services meticulously designed to meet the unique financial requirements of businesses across diverse industries.
From financial reporting and taxation to compliance management and strategic advisory, our services are structured to support sustainable growth.
With a client-focused approach and a commitment to excellence, Akssai acts as a trusted financial partner.
🚨 Fake Message Alert from Income Tax Department
As the Income Tax Department increasingly communicates with taxpayers through emails and SMS alerts, scammers have found new ways to cheat unsuspecting citizens by impersonating the department. To address this, the Income Tax Department has issued an official warning via its Twitter (X) account. The message is shared below for public awareness.
Income Tax India
@IncomeTaxIndia
KIND ATTENTION TAXPAYERS!
Beware of fake messages! Scammers may send fake emails or SMS claiming to be from the Income Tax Department to steal your personal information.
Think Before You Click — Stay Tax Smart, Stay Safe!
Income Tax Department Advisory on Taxpayer Communications
The Income Tax Department has recently issued Email and SMS communications to select taxpayers regarding certain financial transactions reported during the year.
Taxpayers are advised to exercise due diligence and verify the authenticity of such messages before taking any action.
The objective of this initiative is to provide taxpayers with an opportunity for voluntary compliance.
Taxpayers should note that the last date for revising or filing a belated return for Assessment Year 2025–26 is 31st December 2025.
Law-abiding taxpayers are not impacted by these provisions.
Advisory Press Release by the Income Tax Department
On 23rd December 2025, the Income Tax Department issued an advisory press release urging taxpayers to review their Income Tax Returns (ITRs). Using advanced data analytics, the department identified instances where certain deductions or exemptions may have been claimed without meeting the prescribed eligibility conditions.
Taxpayers have been advised to carefully reassess their filings and revise their returns wherever necessary. This proactive approach is encouraged to ensure compliance and to avoid the possibility of stricter enforcement measures at a later stage.
The advisory highlights the importance of accurate disclosures and voluntary correction, reinforcing the department’s focus on data-driven compliance and transparency.
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