I-T dept rolls out new annual info statement; taxpayers can give feedback
The income tax department on Monday rolled out a new annual information statement (AIS) on its portal that provides a comprehensive view of taxpayer information and an option to submit feedback. The new AIS includes additional information related to interest, dividend, securities transactions, mutual fund transactions and foreign remittance information. It said that until the complete operationalisation of new AIS, Form 26AS will continue to be available on the TRACES portal.
The new AIS also provides for a simplified taxpayer information summary (TIS), which shows aggregated value for the taxpayer for the ease of filing return. If the taxpayer submits feedback on AIS, the derived information in TIS will be automatically updated in real time
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