What is the e-Verification Scheme, 2021?

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..... sent to the Source/Reporting Entity seeking confirmation of the transaction/data reported by it. The Source/Reporting Entity can either confirm the information provided by it or can state that it has wrongly reported and can change the information by revising its statements filed earlier. iii. If the Source/Reporting Entity confirms the information, proceedings under the e-Verification Scheme .....

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..... having been suitably reflected in the return of income. vi. After this process, a communication will be sent to the taxpayer informing: a) No further clarification on the issue under verification proceedings is presently required from taxpayer, or b) The explanation is not found sufficient to explain the mismatch in the specific information and the taxpayer may consider updating the retur .....

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