TAX DESTINATION

Hello Everyone! Welcome back. You must have heard that the income tax has launced mobile app AIS for taxpayer.  Annual Information Statement (AIS) is a comprehensive view of information for a taxpayer displayed in Form 26AS. Taxpayers can provide feedback on information displayed in AIS.  AIS shows both reported value and modified value (i.e. value after considering taxpayer feedback) under each section (i.e. TDS, SFT, Other information).  The objectives of AIS are: 1) Display complete information to the taxpayer with a facility to capture online feedback 2) Promote voluntary compliance and enable seamless prefilling of return 3) Deter non-compliance What is the Difference between AIS and Form 26AS? AIS is the extension of Form 26AS. Form 26AS displays details of property purchases, high-value investments, and TDS/TCS transactions carried out during the financial year. AIS additionally includes savings account interest, dividend, rent received, purchase and sale transaction

Hello Everyone! Welcome back. You must have heard that the income tax has launced mobile app AIS for taxpayer.  Annual Information Statement (AIS) is a comprehensive view of information for a taxpayer displayed in Form 26AS. Taxpayers can provide feedback on information displayed in AIS.  AIS shows both reported value and modified value (i.e. value after considering taxpayer feedback) under each section (i.e. TDS, SFT, Other information).  The objectives of AIS are: 1) Display complete information to the taxpayer with a facility to capture online feedback 2) Promote voluntary compliance and enable seamless prefilling of return 3) Deter non-compliance What is the Difference between AIS and Form 26AS? AIS is the extension of Form 26AS. Form 26AS displays details of property purchases, high-value investments, and TDS/TCS transactions carried out during the financial year. AIS additionally includes savings account interest, dividend, rent received, purchase and sale transaction