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I-T dept rolls out new AIS for taxpayers
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The Income Tax (I-T) department has rolled out the new Annual Information Statement (AIS) on the compliance portal which provides a comprehensive view of information to a taxpayer with a facility to capture online feedback. AIS is more comprehensive than the earlier Form 26AS as it will contain more information about financial transactions of taxpayers beyond the TDS and TCS transactions.
“The derived information in TIS will be used for pre-filling of Return (pre-filling will be enabled in a phased manner),” the department said.
The value shown in TIS may be considered while filing the ITR. In case the ITR has already been filed and some information has not been included in the ITR, the return may be revised to reflect the correct
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