Taxpayers need to check their annual information statement (AIS) every quarterly on the income tax portal to flag any discrepancies. By doing so, the move will help in curbing instances of wrongful ...

Several chartered accountants and taxpayers have raised their concerns about not being able to download the annual information statement (AIS). However, the problem is not system wide and same for all ...

“Mismatch in your return. Please respond.” If this email lands in your inbox from the Income Tax Department, chances are you skipped a critical step: reviewing your Annual Information Statement (AIS) ...

The Annual Information Statement (AIS) is a very useful tool introduced by the Income Tax Department to help taxpayers file income tax returns accurately. AIS provides you a quick overview of your ...

Section 50 of the Black Money Act penalises a person if the said individual fails to furnish any information of an asset located outside India including their financial interests (like shares/bonds, ...

The Income Tax department on Sunday said taxpayers can now access the new Annual Information Statement (AIS), which includes additional categories of information like interest, dividends, securities ...

AIS is not a complete record of taxable income. (Freepik) Taxpayers must cross-check the details in their Annual Information Statement (AIS), Form 26AS and Form 16 and report any discrepancy before ...