NEW DELHI: The earnings tax (IT) division has rolled out the brand new annual info assertion (AIS) on the compliance portal, which offers a complete view of knowledge to a taxpayer, with a facility to seize on-line suggestions and consists of extra info linked to curiosity, dividend, securities transactions, mutual fund transactions, international remittance info and different such transactions..
The tax division stated the show of Type 26AS on the TRACES portal may also proceed in parallel until the brand new AIS is validated and fully operational and added that the reported info has been processed to take away duplicate info.
Consultants stated the AIS is a tax passbook of an assessee which offers details about the pre-paid taxes and prescribed monetary transactions undertaken throughout the earlier 12 months and expands the scope of knowledge within the new type 26AS.
The tax division stated the show of Type 26AS on the TRACES portal may also proceed in parallel until the brand new AIS is validated and fully operational and added that the reported info has been processed to take away duplicate info.
Consultants stated the AIS is a tax passbook of an assessee which offers details about the pre-paid taxes and prescribed monetary transactions undertaken throughout the earlier 12 months and expands the scope of knowledge within the new type 26AS.
Supply: Times of India