Taxpayers can now access new I-T annual info statement on e-filing portal
The Income Tax (IT) department today said taxpayers can now access the new Annual Information Statement (AIS), which includes additional categories of information like interest, dividends, securities and MF transactions, and remittances from abroad, on the e-filing portal.
The I-T department had last month expanded the list of high-value financial transactions, which would be available to taxpayers in their Form 26AS by including details of mutual fund (MF) purchases, foreign remittances, as well as information in ITRs of other taxpayers.
Form 26AS is an annual consolidated tax statement that can be accessed from the income-tax website by taxpayers using their Permanent Account Number (PAN).
The new AIS can be accessed by clicking on the link “Annual Information Statement (AIS)" under the “Services" tab on the new Income tax e-filing portal
"AIS provides ease of access! It can be accessed now on the e-filing portal & downloaded easily in downloadable formats of PDF, CSV & JSON (machine-readable format). Click on link 'AIS' under 'Services' tab on http://incometax.gov.in," the I-T department tweeted.
AIS enables a taxpayer to see and verify taxpayer info available with taxmen, provide feedback in case of discrepancies, view/update the Taxpayer Information Summary (TIS) used for pre-filling of ITR.
The Budget for 2020-21 had announced the revised Form 26AS, giving a more comprehensive profile of the taxpayer, going beyond just the details of tax collected and deducted at source.
Additional information prescribed includes foreign remittance made by any person through an authorised dealer, the breakup of the salary with deductions claimed by the employee, information in ITR of other taxpayers, interest on income tax refund, information published in the statement of financial transactions.
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