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The Do’s & Don'ts of Annual Information Statement (AIS) For Taxpayers
The Income Tax Department has recently rolled out the new Annual Information Statement (AIS) on its compliance Portal which provides a comprehensive view of information to a taxpayer with a facility to capture online feedback. The new AIS includes additional information relating to interest, dividend, securities transactions, mutual fund transactions, foreign remittance information, etc. As a result, the Income Tax Department has issued some dos and don'ts for the convenience of taxpayers. Through a Tweet, the department has reported that "Caveat! There are some Do's & Don'ts which the taxpayer must follow to have a seamless experience in the AIS utility."
Do's
- Use the latest version of the AIS utility.
- Give feedback on the information displayed in AIS.
- Check your TIS to confirm the values used for pre-filing of return.
- View your AIS regularly.
- Use the AIS utility to view AIS and provide feedback if the transactions count is high.
Don'ts
- Don't use the old version of AIS JSON for preparing feedback through utility.
- Don't provide incorrect feedback on the AIS information.
- Don't share your e-filing credentials with anyone.
Caveat!
— Income Tax India (@IncomeTaxIndia) November 16, 2021
There are some Do’s & Don’t's which the taxpayer must follow to have a seamless experience in the AIS utility.
Pl check the infographic given below.
Click on link ‘AIS’ under ‘Services’ tab on https://t.co/GYvO3n9wMf #AIS #TaxPayerInformation #EaseOfCompliance pic.twitter.com/2177eGJ02k
The new AIS can be accessed by clicking on the link "Annual Information Statement (AIS)" under the "Services" tab on the new Income tax e-filing portal (https://www.incometax.gov.in).
A new facility has been made available for the taxpayer to offer online feedback if they believe the information is erroneous, or pertains to some other person/year, or is duplicate. For the same, the Income Tax Department through a recent Tweet has said that "Types of Feedback: Taxpayers may give feedback on the accuracy of the info displayed, modify information value & also give customized feedback on an info category. Click on link 'AIS' under 'Services' tab on http://incometax.gov.in."
To know more in brief about the new AIS and if want to know how to access it on the e-Filing portal, then please click here.
