12 ViewsThe Income Tax Department has launched a Mobile app, namely, ‘AIS for Taxpayer’ to facilitate taxpayers to view their information as available in the Annual Information Statement (AIS) / Taxpayer Information Summary (TIS). ‘AIS for Taxpayer’ is a mobile application provided free of cost by the Income Tax Department, and is available on Google […]
68,000 Cases Flagged For Mismatch In 2019-20 Income Tax Returns
24 ViewsAs many as 68,000 cases have been picked up for e-verification by the income tax department for underreporting of income in tax returns for 2019-20 fiscal, CBDT chief Nitin Gupta said on Monday. Under the e-verification scheme, the I-T department informs the taxpayers about mismatch in Annual Information Statement (AIS) about financial transaction and […]
CBDT issued FAQs on Annual Information Statement (AIS)
280 ViewsThe Central Board of Direct Taxes (“CBDT”) issued Frequently Asked Questions (“FAQs”) on the Annual Information Statement (“AIS”). Q-1 What is Annual Information Statement (AIS)? Ans. Annual Information Statement (AIS) is comprehensive view of information for a taxpayer displayed in Form 26AS. Taxpayer can provide feedback on information displayed in AIS. AIS shows both reported […]