India, Dec. 19 -- The income tax department (ITD) on Thursday issued a clarification that the recent communication that was sent to taxpayers regarding their transactions was simply an advisory and that it was sent only in some selective cases.

The announcement was aimed at making taxpayers aware of the information and did not command enforcement.

In the department's recent post on X, it wrote that such communication is aimed to facilitate the taxpayers & make them aware. "Taxpayers may please note that such communication is to facilitate the taxpayers & make them aware of the information available with the ITD regarding the transactions reported by the Reporting Entities during the year," the post read.

The ITD added that the advisory...