Income Tax : The Income-tax Department is increasingly relying on AI-based verification and automated reconciliation systems to detect discrepa...
Income Tax : The framework requires taxpayers to withdraw all pending appeals and proceedings. It establishes that dispute resolution is condit...
Income Tax : The article explains how AIS-based data matching is triggering tax notices despite Form 26AS matching. The key takeaway is that AI...
Income Tax : The issue highlights how mismatches between AIS/26AS and ITR disclosures can invite scrutiny. Key takeaway: reconcile and justify ...
Income Tax : AIS provides taxpayers with consolidated financial and tax information for accurate return filing. It includes TDS, SFT, GST data,...
Income Tax : CBDT's electronic campaign helps taxpayers fix mismatches in income and transactions for FY 2023-24 and 2021-22. Revised ITRs can ...
Income Tax : ICAI addresses issues with Form 26AS/TIS/AIS and ITR filing glitches, urging CBDT for timely resolution to aid taxpayers in meetin...
Income Tax : CBDT, has introduced a new feature in Annual Information Statement (AIS) accessible via compliance portal on Income Tax Department...
Income Tax : Directorate of Income Tax (Systems) Annual Information Statement (AIS) Handbook Version 2.0 (March 2022) Document Version Control ...
Income Tax : This article answer FAQs on Annual Information Statement (AIS), Taxpayer Information Summary (TIS), Accessing AIS on Portal, Viewi...
Income Tax : The Tribunal held that advances received under an uncompleted sale agreement are not taxable. Income arises only when transfer or ...
Service Tax : CESTAT Allahabad quashes Service Tax demand against a contractor, ruling that reliance solely on unverified ITR and Form 26AS data...
Learn how AIS and Form 26AS mismatches can lead to tax notices, scrutiny, and penalties. Understand common errors and ways to avoid income tax complications.
Learn how to reconcile mismatches between Form 26AS and AIS for AY 2025-26. Avoid defective returns and scrutiny with a step-by-step correction process.
Taxpayers face challenges as AIS feedback is now shared with reporting entities, creating a loop of data verification that may trigger scrutiny or reassessment.
Understand AIS and TIS on the Income Tax portal. Learn why these detailed financial statements are crucial for accurate ITR filing and avoiding discrepancies.
CBDT’s electronic campaign helps taxpayers fix mismatches in income and transactions for FY 2023-24 and 2021-22. Revised ITRs can be filed until Dec 31, 2024.
ICAI addresses issues with Form 26AS/TIS/AIS and ITR filing glitches, urging CBDT for timely resolution to aid taxpayers in meeting the July 31 deadline.
Learn key considerations when preparing tax returns from AIS/TIS. Ensure compliance by reporting all income, including transactions not in AIS/TIS.
CBDT has notified 57 types of incomes and expenses included in the Annual Information Statement (AIS) on the Income Tax portal, aiding accurate tax filing and compliance.
Discover the importance of the Annual Information Statement (AIS) for accurate Income Tax Returns and how new real-time feedback functionality benefits taxpayers.
CBDT, has introduced a new feature in Annual Information Statement (AIS) accessible via compliance portal on Income Tax Department’s e-filing website.
