AIS

All about Annual Information Statement (AIS)

All About the New Annual Information Statement (AIS)

1 Comment / INCOME TAX / By / December 16, 2021 / , ,

1. About this Document The objective of this document is to develop common and shared understanding related to Annual Information Statement (AIS) and various information sources. 2. Background In order to promote transparency and simplifying the tax return filing process, CBDT vide Notification dated May 28, 2020 has amended Form 26AS vide Sec 285BB of …

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INCOME-TAX-return660

Taxpayers receive notices: Data mismatch between AIS and Form 26AS the reason

9 Comments / INCOME TAX / By / December 16, 2021 / , , , , , ,

Did you file an early income-tax return, before the Annual Information Statement (AIS) was launched? Chances are your tax return may have attracted a demand notice if you had ignored some essential income received during the financial year. So far, one had to refer to the annual tax statement or the Form 26AS before filing returns. The AIS was …

Taxpayers receive notices: Data mismatch between AIS and Form 26AS the reason Read More »