Annual Information Statement

FAQ’s on AIS (Annual Information Statement)

Income Tax - 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 value and modified value (i.e. value after considering taxpayer feedback) under each section (i.e. TDS, SFT, Other information)....

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AIS vs Form 26AS – a quick comparision

Income Tax - AIS:  is an Annual Information Statement that reveals the taxpayer’s financial and tax-related information. This has details of all the transactions which are reported by entities like banks, registration offices, regional transportation office, authorized dealers dealing foreign exchange, stock exchanges, mutual funds, companies ...

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Annual Information Statement (AIS) System in India

Income Tax - (A) Introduction on AIS System (i) Now CBDT has introduced new AIS system by replacing of existing 26AS statement commencing from year ending March 31, 2021 and onward (ii) Existing 26AS statement is continuing in operation till new AIS system is 100% in operation. (iii) New AIS system will provide the comprehensive information’s relati...

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Annual Information System and SFT transactions Shown on Tax Payers individuals portal

Income Tax - Annual Information System is Government New Experience   introduction replacing in future Form 26 AS. Form 26 AS is Xray of Tax payers and ASI can be called MRI of Tax Payers. Many Pros and Cons are regularly being reported by the Tax Payers So Government of India in a Press Release declared that the AIS […]...

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Annual Information Statement – Income distributed by investment fund

Income Tax - As intimated during the Union Budget, the income tax department has launched the ‘Annual Information Statement’ on 1st November 2021. Basically, the ‘Annual Information Statement’ is an All-in-one statement that comprehensively covers all the details of the financial transactions undertaken by the taxpayer in a particular Financia...

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Annual Information Statement (AIS) User Guide – AIS Portal

Income Tax - Directorate of Income Tax (Systems) Annual Information Statement (AIS) Handbook Version 2.0 (March 2022) Document Version Control Version Month Remarks 1.0 October 2021 First version 2.0 March 2022 Second version – included details of GST Turnover, GST purchases , TDS-194Q (under Business receipts) and Income of specified senior citizen...

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Annual Information Statement (AIS) of Income Tax – FAQs

Income Tax - This article answer FAQs on Annual Information Statement (AIS), Taxpayer Information Summary (TIS), Accessing AIS on Portal, Viewing Annual Information Statement (AIS) through Portal, Downloading AIS related files through Portal, Submitting feedback through Portal, Modify Feedback through Portal, Viewing AIS through AIS Utility, Submittin...

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Annual Information Statement (AIS) Presentation

Income Tax - Taxpayer Information Summary (TIS) is an information category wise information summary for a taxpayer. The same is updated based on the feedback provided by taxpayer in AIS...

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Annual Information Statement (AIS) Utility Presentation

Income Tax - Annual Information Statement (AIS) Utility Presentation Background ♦ To promote transparency and simplifying the tax return filing process, CBDT has amended Form 26AS (vide Notification dated May 28, 2020) ♦ The new Form 26AS is an Annual Information Statement or AIS which will provide a complete profile of the taxpayer for a particul...

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Annual Information Statement (AIS) User Guide – AIS Utility

Income Tax - User can view Annual Information Statement (all parts and information) by importing the downloaded (AIS) – JSON file and can prepare the feedback through AIS Utility as well in offline mode. The purpose of this document is to provide a comprehensive understanding of the Annual Information Statement (AIS) Utility available at Compliance ...

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Recent Posts in "Annual Information Statement"

FAQ’s on AIS (Annual Information Statement)

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 value and modified value (i.e. value after considering taxpayer feedback) under each section (i.e. TDS, SFT, Other information)....

Read More
Posted Under: Income Tax | ,

AIS vs Form 26AS – a quick comparision

AIS:  is an Annual Information Statement that reveals the taxpayer’s financial and tax-related information. This has details of all the transactions which are reported by entities like banks, registration offices, regional transportation office, authorized dealers dealing foreign exchange, stock exchanges, mutual funds, companies ...

Read More
Posted Under: Income Tax |

Annual Information Statement (AIS) System in India

(A) Introduction on AIS System (i) Now CBDT has introduced new AIS system by replacing of existing 26AS statement commencing from year ending March 31, 2021 and onward (ii) Existing 26AS statement is continuing in operation till new AIS system is 100% in operation. (iii) New AIS system will provide the comprehensive information’s relati...

Read More
Posted Under: Income Tax |

Annual Information Statement (AIS) User Guide – AIS Portal

Directorate of Income Tax (Systems) Annual Information Statement (AIS) Handbook Version 2.0 (March 2022) Document Version Control Version Month Remarks 1.0 October 2021 First version 2.0 March 2022 Second version – included details of GST Turnover, GST purchases , TDS-194Q (under Business receipts) and Income of specified senior citizen...

Read More
Posted Under: Income Tax | ,

Annual Information System and SFT transactions Shown on Tax Payers individuals portal

Annual Information System is Government New Experience   introduction replacing in future Form 26 AS. Form 26 AS is Xray of Tax payers and ASI can be called MRI of Tax Payers. Many Pros and Cons are regularly being reported by the Tax Payers So Government of India in a Press Release declared that the AIS […]...

Read More
Posted Under: Income Tax |

Annual Information Statement – Income distributed by investment fund

As intimated during the Union Budget, the income tax department has launched the ‘Annual Information Statement’ on 1st November 2021. Basically, the ‘Annual Information Statement’ is an All-in-one statement that comprehensively covers all the details of the financial transactions undertaken by the taxpayer in a particular Financia...

Read More
Posted Under: Income Tax |

Annual Information Statement – Income distributed by business trust

The Income Tax Department, with an aim to ease up the return filing process, recently, introduced the ‘Annual Information Statement’. Notably, the ‘Annual Information Statement’ covers more information as compared to the existing Form 26AS. ‘Annual Information Statement’ will also contain a ‘Taxpayers Information Summary’ ...

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Posted Under: Income Tax |

Annual Information Statement – Balance in account

‘Annual Information Statement’ is a new statement recently introduced by the Income Tax Department. ‘Annual Information Statement’ is prepared on the basis of various information grabbed by the department from different returns/ sources like TDS/ TCS, SFT etc. The present article explains one of the information categories, namely,...

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Posted Under: Income Tax |

Annual Information Statement – Purchase of time deposits

The new ‘Annual Information Statement’ shows/ reflects the complete picture of the financial details, of the taxpayer, which are available with the income tax department from different sources. ‘Annual Information Statement’ covers wider details as compared to Form 26AS. Notably, once the ‘Annual Information Statement’ is comp...

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Posted Under: Income Tax |

Annual Information Statement – Credit/ debit card

‘Annual Information Statement’ is a comprehensive statement covering details of all the financial transactions undertaken by the taxpayer in a particular Financial Year. On the other hand, ‘Taxpayers Information Summary’ is a simplified/ summarized statement covering all the details as briefed under ‘Annual Information Statement...

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Posted Under: Income Tax |

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