The revenue tax division not too long ago rolled out a brand new annual info assertion (AIS) on its portal that gives a complete view of taxpayer info and an choice to submit suggestions.
The brand new AIS contains further info associated to curiosity, dividend, securities transactions, mutual fund transactions and overseas remittance info.
The revenue tax division has shared some dos and don’ts which the taxpayer should comply with to have a seamless expertise within the AIS utility.
“Caveat! There are some Do’s & Don’t’s which the taxpayer should comply with to have a seamless expertise within the AIS utility,” revenue tax division stated in a tweet.
Dos
-Use the most recent model of the AIS utility
-Give suggestions on the knowledge displayed in AIS
-Examine your TIS to substantiate the values used for prefiling of returns.
-View your AIS frequently.
-Use AIS utility to view AIS and supply suggestions if the transactions rely is excessive.
Don’ts
-Do not use the outdated model of AIS JSON for getting ready suggestions by utility
-Do not present incorrect suggestions on the AIS info
-Do not share your e-filing credentials with anybody
The brand new AIS additionally gives for a simplified taxpayer info abstract (TIS), which reveals aggregated worth for the taxpayer for the benefit of submitting returns.
If the taxpayer submits suggestions on AIS, the derived info in TIS shall be robotically up to date in real-time and shall be used for pre-filling of return which shall be carried out in a phased method.
Supply: Live Mint