Income tax dept launches mobile app AIS for Taxpayers: On March 22, the Income Tax Department launched the “AIS for Taxpayer” mobile application, which allows taxpayers to view their tax-related information in the Annual Information Statement (AIS) or Taxpayer Information Summary (TIS). The app has become essential and beneficial since starting from the new financial year on April 1, Form 26AS will only show information related to tax deducted at source (TDS) and tax collection at source (TCS).
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More About The app “AIS for Taxpayer”:
Taxpayers need to refer to the AIS for various details, including installments of advance tax paid, self-assessment tax, income-tax refund, Statement of Financial Transactions (SFT), and turnover as per Goods and Service Tax (GST) return, among other things.
What is an Annual Information Statement(AIS)?:
Taxpayers can get a detailed summary of their information from Form 26AS by referring to the Annual Information Statement (AIS). The AIS not only provides a thorough overview of the taxpayer’s information, but it also includes a feedback mechanism.
Each section of the AIS includes reported and modified values based on the feedback received from taxpayers. The objectives of the AIS are to provide taxpayers with complete information and an opportunity to give online feedback, promote voluntary compliance, and enable easy prefilling of tax returns.
