On March 22, the Income Tax Department launched a mobile application called “AIS for Taxpayer” that enables taxpayers to view their tax-related information in the Annual Information Statement (AIS) or Taxpayer Information Summary (TIS). The app has become essential and beneficial since starting from the new financial year on April 1, Form 26AS will only show information related to tax deducted at source (TDS) and tax collection at source (TCS).
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
More About The app “AIS for Taxpayer”:
Taxpayers need to refer to the AIS for various details, including installments of advance tax paid, self-assessment tax, income-tax refund, Statement of Financial Transactions (SFT), and turnover as per Goods and Service Tax (GST) return, among other things.
What is an Annual Information Statement(AIS)?:
Taxpayers can get a detailed summary of their information from Form 26AS by referring to the Annual Information Statement (AIS). The AIS not only provides a comprehensive overview of the taxpayer’s information, but it also has a feedback mechanism.
Each section of the AIS includes reported and modified values based on the feedback received from taxpayers. The objectives of the AIS are to provide taxpayers with complete information and an opportunity to give online feedback, promote voluntary compliance, and enable easy prefilling of tax returns.
Important information Regarding AIS for Taxpayers:
|App Name||AIS for Taxpayer|
|Availability||Google Play and App Store|
|Purpose||Enables taxpayers to view their AIS/TIS|
|Information Displayed||TDS/TCS, interest, dividends, tax payments, and more|
|Authentication Method||PAN number, OTP, and 4-digit PIN|
You may also read these:
Find More News on Economy Here
This Content is for Education Purpose if you find it Yours Creation do mail me at [email protected] it will be removed within 48 hours