I-T dept rolls out new AIS for taxpayers – Know how to get it

The Income Tax Department has announced that taxpayers can now access the new Annual Information Statement (AIS) through the e-Filing portal.

In a Tweet, the department has clarified that “Check out the new Annual Information Statement(AIS). Provides a comprehensive view of the information available with ITD about taxpayers. Click on link ‘AIS’ under ‘Services’ tab on http://incometax.gov.in to access.”

The new AIS includes additional information related to interest, dividend, securities transactions, mutual fund transactions, and foreign remittance information.

The AIS is a comprehensive statement containing details of all the financial transactions undertaken by you in a financial year (FY), i.e., it contains the information that are specified under the Income-tax Act, 1961.

The AIS contains information related to income earned from various sources such as salary, dividend, interest from a savings account, recurring deposits, sale and purchase of equity shares, bonds, mutual funds, etc. The statement also contains information related to TDS, TCS, and any tax demand or refund.

Here is how you can download AIS from the e-filing website

Taxpayers can visit the e-filing portal (https://www.incometax.gov.in) and log in using their PAN, Aadhaar, or User ID.

Now head to the ‘Services’ section and click on ‘Annual Information Statement (AIS)’.

To download the AIS statement in PDF format, select either the PDF or JSON option and click ‘Download.’…Read more>>