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Income Tax: What is AIS and how can it be useful to you?
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Income Tax: What is AIS and how can it be useful to you?
Kolkata: According to the Income Tax Department, the AIS or Annual Information Statement offers a 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). According to the IT Department, AIS is actually an extension of Form 26AS. W…
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