Ais income tax

AIS for Taxpayers app download: The Income Tax Department has launched a new mobile app – AIS for Taxpayer – that will enable taxpayers to view information related to TDS/TCS, interest, dividends, share transactions, tax payments, and Income Tax refunds. Other information such as GST Data, Foreign Remittances, etc. as available in AIS/TIS can also be viewed through this app. Users can also provide feedback related to the information displayed in the app. In a statement, the Income Tax Department said that the app will facilitate taxpayers to view their information as available in the Annual Information Statement (AIS)/Taxpayer Information Summary (TIS). ITR filing Last Date 2023: Due date to file Income Tax Return Online for AY 2023-24 Also Read: How to download AIS for Taxpayer app The AIS for Taxpayer is a free mobile application provided by the Income Tax Department. You can download this app for free from Google Play and App Store. How to use AIS for Taxpayer app To access this “The Income Tax Department has launched a Mobile app, namely, ‘AIS for Taxpayer’ to facilitate taxpayers to view their information as available in the Annual Information Statement (AIS) / Taxpayer Information Summary (TIS). ‘AIS for Taxpayer’ is a mobile application provided free of cost by the Income Tax Department, and is available on Google Play & App Store. The app is aimed to provide a comprehensive view of the AIS/TIS to the taxpayer which displays the information collected from various so...

Income tax return: Commencement of the month of June heralds the initiation of the income tax return filing season in our nation. Filing an income tax return is a technical endeavor that demands utmost caution, as even a minor slip-up can lead to grave consequences. The Income Tax Department possesses the authority to dispatch an income tax return notice. If you are a working individual planning to file your income tax return for the financial year 2022-23 and assessment year 2023-24, we bring to your attention a number of vital aspects that warrant your attention. By adhering to these guidelines, you can effortlessly file your income tax return and avoid any complications that may arise subsequently. Prior to filing your income tax return, make sure to arrange the following essentials: What should you do if you happen to forget your password? In the event that you have created a user ID and password but have subsequently forgotten the password, there is no need to panic. Simply select the "Forgot Password" option. Following this, you will receive an OTP on the mobile number linked to your account, which you will need to enter. It is crucial to ensure that the mobile number is connected to your Aadhaar card. Additionally, it is mandatory for your PAN and Aadhaar to be linked together. Subsequently, you can proceed to create a new password. Assessing the Annual Information Statement (AIS) is imperative: It is of utmost importance for taxpayers to meticulously review their A...

An Annual Information Statement (AIS) is used to maintain details of all the taxpayers for a particular year. It contains all the data regarding taxpayers’ incomes, their financial transactions, income-tax proceedings, tax details, and more. With the AIS, the government maintains both reported value and modified value for each type of information. The AIS was introduced by the Income Tax Department in November 2021. It comprises the data of all financial transactions carried out by a taxpayer in a financial year. The AIS is essentially a comprehensive statement containing details of 46 financial transactions, including income, investment, and expenditure. The authorities must upload this data in the Form 26AS in a taxpayer’s registered account.

The Income Tax Department announced yesterday, November 14, 2021, that taxpayers can now access the new Annual Information Statement (AIS) through the e-Filing portal. In a Tweet, the department has clarified that "Check out the new Annual Information Statement(AIS). Provides a comprehensive view of information available with ITD about taxpayer. Click on link 'AIS' under 'Services' tab on http://incometax.gov.in to access." The Income Tax Department launched the new Annual Information Statement (AIS) on the Compliance Portal at the beginning of this month, which offers a taxpayer a detailed overview of information as well as the option to submit online feedback. Now, let's learn everything there is to know about the new Annual Information Statement (AIS) and how to access it. What’s new about the Annual Information Statement (AIS)? Additional information on interest, dividends, securities transactions, mutual fund transactions, foreign remittance, etc is now included in the new AIS. Duplicate information has been eliminated from the reports submitted and now the information from the AIS will be available in PDF, JSON, and CSV formats for taxpayers to access or download. The Annual Information Statement (AIS) encompasses details that currently have a record with the tax department. Hence, taxpayers should need to keep in mind that additional transactions involving the taxpayer that are not currently included in the Annual Information Statement may emerge, therefore they sho...

Also in Explained | What is the AIS, and how will it help? At present, Form 26AS is detailed by the Tax Department, which is a consolidated annual tax statement that includes information on tax deducted/collected at source, advance tax, and self-assessment that is available on the Income-Tax website against a taxpayer’s Permanent Account Number (PAN). The Budget for 2020-21 had announced the revised Form 26AS, giving a more comprehensive profile of the taxpayer, going beyond just the details of tax collected and deducted at source. The revised Annual Information Statement (AIS) includes additional categories of information of interest, dividend, securities transactions, mutual fund transactions, and remittances from abroad, along with information on many other transactions that are at present available with the Income Tax Department. “There may be other transactions relating to the taxpayer which are not presently displayed in the AIS,” the Tax Department said. Click here for more Will Form 26A cease to exist now? Form 26AS will continue to exist until the new AIS is validated and is completely operational, the Tax Department said. In May last year, the Department had notified the new annual information statement in Form 26AS, effective June 1, 2020. The revised Form 26AS included all details provided by banks and financial institutions, which were earlier recorded in their Statement of Financial Transactions (SFTs). What will taxpayers have to do now? The new AIS can be a...

Change Services • Add A Director • Removal/Resignation of Director • Add/Remove a Partner in LLP • Change in LLP Agreement • Change of Registered Office Address • Increase in Authorized Capital • Change in DIN • Surrender Your DIN • Appointment of Auditors • Share Transfer & Transmission • Company Name Change • LLP Name Change • MOA/AOA Amendment • MOA/AOA Printing About the Income Tax Annual Information Statement (AIS) The Income-Tax Department has released a new AIS (Annual Information Statement) that incorporates new categories of data such as dividends, interest, mutual fund transactions, international remittances, and securities transactions. This blog will help you gain knowledge about the Annual Information Statement and how it will benefit the taxpayer. Let’s take a look at what Form 26AS is before moving on to AIS (Annual Information Statement). Table of Content • • • • • • • • What is Form 26AS? Form 26AS contains information about the income tax deduction related to TDS (Tax Deducted at Source) or TCS (Tax Collected at Source) from the income of a Taxpayer. The deductor subsequently deposits the tax deducted with the government. Form 26AS has been modified to include information on the refund amount, self-assessment tax, and advance tax. Suggested Read: What is an AIS (Annual Information Statement)? In Form 26AS, AIS is a comprehensive picture of information for a taxpayer. Additional information on interest, dividends, securities transactions, mutual fund trans...

The tax filing process has become simpler and easier after the Income Tax Department rolled out Annual Information Statement (AIS) on its portal this week. The statement provides comprehensive information about financial transactions done by a taxpayer in the previous financial year. You can access the statement for FY 2020-21 by clicking on the link 'AIS' under the 'Services' tab on incometax.gov.in. AIS is more comprehensive compared to the existing form 26AS, which provides information only relating to Tax Deducted at Source (TDS) and Tax Collected at Source (TCS). It is a single reference document for taxpayers, which provides complete and detailed information relating to salary, dividend, interest from saving accounts and deposits, securities and mutual funds transactions, off-market debt transactions, foreign remittance, etc. In addition to AIS, a simplified Taxpayer Information Summary (TIS) can also be downloaded which gives an overarching view of the financial transactions. Experts say it is going to benefit taxpayers, as it often happens that people fail to mention a few transactions, whether intentionally or unintentionally, while filing their Income Tax Returns (ITR). The AIS gives a glimpse of transactions beforehand and therefore reduces the chances of enquiries and notices from the department even for small mistakes. What should taxpayers do? If you have already filed an ITR for the financial year 2020-2021 then you should cross-check the details with AIS so...

An Annual Information Statement (AIS) is used to maintain details of all the taxpayers for a particular year. It contains all the data regarding taxpayers’ incomes, their financial transactions, income-tax proceedings, tax details, and more. With the AIS, the government maintains both reported value and modified value for each type of information. The AIS was introduced by the Income Tax Department in November 2021. It comprises the data of all financial transactions carried out by a taxpayer in a financial year. The AIS is essentially a comprehensive statement containing details of 46 financial transactions, including income, investment, and expenditure. The authorities must upload this data in the Form 26AS in a taxpayer’s registered account.

The Income Tax Department announced yesterday, November 14, 2021, that taxpayers can now access the new Annual Information Statement (AIS) through the e-Filing portal. In a Tweet, the department has clarified that "Check out the new Annual Information Statement(AIS). Provides a comprehensive view of information available with ITD about taxpayer. Click on link 'AIS' under 'Services' tab on http://incometax.gov.in to access." The Income Tax Department launched the new Annual Information Statement (AIS) on the Compliance Portal at the beginning of this month, which offers a taxpayer a detailed overview of information as well as the option to submit online feedback. Now, let's learn everything there is to know about the new Annual Information Statement (AIS) and how to access it. What’s new about the Annual Information Statement (AIS)? Additional information on interest, dividends, securities transactions, mutual fund transactions, foreign remittance, etc is now included in the new AIS. Duplicate information has been eliminated from the reports submitted and now the information from the AIS will be available in PDF, JSON, and CSV formats for taxpayers to access or download. The Annual Information Statement (AIS) encompasses details that currently have a record with the tax department. Hence, taxpayers should need to keep in mind that additional transactions involving the taxpayer that are not currently included in the Annual Information Statement may emerge, therefore they sho...

Change Services • Add A Director • Removal/Resignation of Director • Add/Remove a Partner in LLP • Change in LLP Agreement • Change of Registered Office Address • Increase in Authorized Capital • Change in DIN • Surrender Your DIN • Appointment of Auditors • Share Transfer & Transmission • Company Name Change • LLP Name Change • MOA/AOA Amendment • MOA/AOA Printing About the Income Tax Annual Information Statement (AIS) The Income-Tax Department has released a new AIS (Annual Information Statement) that incorporates new categories of data such as dividends, interest, mutual fund transactions, international remittances, and securities transactions. This blog will help you gain knowledge about the Annual Information Statement and how it will benefit the taxpayer. Let’s take a look at what Form 26AS is before moving on to AIS (Annual Information Statement). Table of Content • • • • • • • • What is Form 26AS? Form 26AS contains information about the income tax deduction related to TDS (Tax Deducted at Source) or TCS (Tax Collected at Source) from the income of a Taxpayer. The deductor subsequently deposits the tax deducted with the government. Form 26AS has been modified to include information on the refund amount, self-assessment tax, and advance tax. Suggested Read: What is an AIS (Annual Information Statement)? In Form 26AS, AIS is a comprehensive picture of information for a taxpayer. Additional information on interest, dividends, securities transactions, mutual fund trans...