I received a ‘significant transactions’ email. What should I do?

The Income Tax Department said some advance tax e-campaign emails were erroneous. Ignore the nudge itself, but verify your AIS/TIS on the portal. Match entries with your records, correct mistakes using feedback, and pay any genuine advance tax shortfall by March 15. Keep proofs and your computation.

Does ignoring the email mean I can skip paying advance tax?

No. Ignore the erroneous email content, not your tax duty. If your net tax due after TDS/TCS is ₹10,000 or more, you should pay advance tax by March 15. Compute the shortfall, pay via e-Pay Tax, and save the challan. This limits possible interest under the law.

How do I verify AIS/TIS before paying advance tax?

Log in to the e-filing portal, open AIS/TIS, and review TDS/TCS, interest, dividends, capital gains, and SFT items. Match each entry with bank statements and broker reports. Use feedback to confirm or correct items. Base your advance tax on reconciled figures, then pay and store the challan and working.

Who is exempt from paying advance tax?

Resident senior citizens without business or professional income are exempt. Others must pay if their estimated net tax due after TDS/TCS is ₹10,000 or more. Salaried taxpayers may still owe advance tax on interest, dividends, or capital gains not covered by TDS. Check your year-to-date income to decide.

What if AIS shows higher income than my books?

Do not panic. Compare AIS entries with your records, then submit feedback marking items as incorrect or not fully correct, and state the reason. Contact the deductor to rectify filing errors if needed. Base your advance tax on accurate figures backed by statements, and retain all supporting documents.

Global Market Insights

Advance Tax March 15: I-T Dept Tells Taxpayers to Ignore Erroneous Emails

ByDanny Kontos March 15, 2026March 15, 2026

Advance tax is due on March 15, and the Income Tax Department has clarified that some ‘significant transactions’ emails from its advance tax e-campaign were sent in error. We should ignore those nudges, but not our tax duties. To stay compliant in India, we must verify AIS/TIS on the portal, compute any shortfall, and pay on time. This guide explains what changed, how to verify data, and quick steps to pay advance tax correctly today.