The AIS enables the taxpayer to view and verify the information held by taxpayers and taxpayers, to comment on differences, to view / modify the Taxpayer Information Summary used to complete the ITR.
The Income Tax Department on Sunday said taxpayers could now access the New Annual Information (AIS), which includes other categories of information such as interest, benefits, protection and MF transactions, and remittances, on the e-filing page.
The IT department last month expanded its list of value-added assets, which can be made available to taxpayers in their Form 26AS by including the details of mutual fund (MF) purchases, remittances, and information in the ITR of other taxpayers.
Form 26AS is an integrated annual tax statement that taxpayers can access on a tax return using their Permanent Account Number (PAN).
“AIS offers access! It can be found here on e-filing portal & download easily in PDF, CSV & JSON downloads. Click the ‘AIS’ link under the ‘Services’ tab at http: // incometax .gov.in, “the IT department said.
The AIS enables the taxpayer to view and verify the information held by taxpayers and taxpayers, to comment on differences, to view / modify the Taxpayer Information (TIS) Summary used to complete the ITR.
The 2020-2021 budget announced the revised Form 26AS, providing a taxpayer’s record, with the details of the tax collected and deducted.
Contributions paid include foreign direct payments through an authorized dealer, deductions and deductions from the employee, information in other ITR of other taxpayers, interest on tax refunds, published in the financial statement.
In addition, external events reported by the depository / registrar and transfer agent, information about the portion of the mutual fund predicted by the RTA, and details of the mutual fund purchased by the RTA will also be included in Form 26AS.
The 2020-21 Budget introduced a new Section 285BB in the Income Tax Act, to revise Form 26AS into an ‘Annual Information Statement’ which, in addition to the TDS / TCS in general, will have sufficient financial information, tax returns. , demands / refunds and expectations / completed by the taxpayer in another financial year to be mentioned in the tax books.
Subsequently, in May last year, the IT department introduced a revised Form 26AS, including the value proposition that has taken place during the financial year, a move that also enabled people to voluntarily follow and easily send IT e-filing back.
With last month’s IT department plan, a list of all the required items in Form 26AS has been added.
AMRG & Associates (Corporate & International Tax) chief executive Om Rajpurohit said although AIS sites offer a wide range of payment information, stocks, mutual funds, benefits, interest rates, and other financial assets but currently does not include much of future investments and options. .
“In addition, there are errors that indicate the amount of money that needs to be repaired.”
“Consequently, at present, the question of what constitutes a benefit / difficulty for the common man has not been resolved and will be answered soon, as more careful analysis and consolidation of information on cases in which a person has multiple sources of resources are financed,” added Rajpurohit.