<strong>4 New Functionalities added to AIS Module on IT Portal; Know Details</strong>

The <a href="https://studycafe.in/tag/income-tax-portal/">Income Tax Portal</a> has been revamped and updated recently. The portal has new features in the AIS Module and TIN 2.0 in addition to visual and usability adjustments.

The <a href="https://studycafe.in/tag/central-board-of-direct-taxes/">Central Board of Direct Taxes</a> Chairman of the Ministry of Finance, Government of India, Nitin Gupta, unveiled the redesigned National Income Tax Website at Chintan Shivir, Udaipur, Rajasthan.
<h3 id="the-new-functionalities-in-the-ais-module-are-as-follows"><em>The new functionalities in the AIS Module are as follows:</em></h3>
<ul>
 	<li>AIS Utility for MAC operating system is now available</li>
 	<li>A new column “Quarter” has been added for information on purchase of securities &amp; mutual funds and on receipt of dividend on mutual fund holdings starting from F.Y. 2023-24</li>
 	<li>AIS utility with the ability to edit feedback enabled - To make it easier for taxpayers to edit previous feedback made using the utility.</li>
 	<li>New attributes added to the AIS "Tax Payments" section - BSR code, Challan serial number, and other attributes were added to make it easier for taxpayers to file ITRs.</li>
 	<li>Users will find greater convenience since the <a href="https://studycafe.in/tag/ais/">AIS</a> homepage on the Compliance portal offers an expansive overview of all the features provided.</li>
 	<li>The AIS portal displays the PAN-Aadhaar connecting status. The information symbol beside the PAN number shows the status- ease of compliance.</li>
 	<li>Information Confirmation Functionality - To obtain confirmation of taxpayer feedback or answers and to communicate taxpayer input on information obtained with the information source.</li>
</ul>
<h3 id="recent-income-tax-portal-updates">Recent Income Tax Portal Updates:</h3>
<ul>
 	<li>Launched of Revamped National Income Tax Website.</li>
 	<li>The website functions as an extensive database of tax and associated data.</li>
 	<li>A guided virtual tour of new features is also available on the portal.</li>
 	<li>Additionally, the website provides a "Taxpayer Services Module" with a number of tax tools to help people file their ITRs.</li>
 	<li>Links to pertinent portals, tool tips, and reverse countdowns are all provided via the dynamic due date alert capability. It offers cross-referenced and hyperlinked access to <a href="https://studycafe.in/tag/direct-tax/">Direct Tax</a> Laws, Allied Acts, Rules, Income Tax Circulars, and Notifications.</li>
 	<li>The website features a mobile-responsive layout and an aesthetic overhaul.</li>
</ul>
<h3 id="tin-20">TIN 2.0</h3>
The previous OLTAS-based payment system has been replaced by the new e-pay <a href="https://studycafe.in/tag/payment-of-tax/">tax payment</a> platform, TIN 2.0, which is accessible on the <a href="https://studycafe.in/tag/e-filing/">e-filing</a> portal (from which the full tax payment has been transferred to TIN 2.0).

Because of this, it is now possible to pay taxes online through convenient choices including Internet Banking, NEFT/RTGS, OTC, Debit Cards, payment gateways, and UPI. With more banks than ever onboarded on TIN 2.0, taxpayers have more bank options when it comes to paying their taxes.
<h3 id="report-on-tax-payment">Report on Tax Payment</h3>
Under the Compliance portal's "Reports" area, a fresh report on the taxpayer's tax payments for a specific Assessment year is made accessible. This report offers a combined summary of all the taxes paid for the specific Assessment year.

<strong>4 New Functionalities added to AIS Module on IT Portal; Know Details</strong>

The <a href="https://studycafe.in/tag/income-tax-portal/">Income Tax Portal</a> has been revamped and updated recently. The portal has new features in the AIS Module and TIN 2.0 in addition to visual and usability adjustments.

The <a href="https://studycafe.in/tag/central-board-of-direct-taxes/">Central Board of Direct Taxes</a> Chairman of the Ministry of Finance, Government of India, Nitin Gupta, unveiled the redesigned National Income Tax Website at Chintan Shivir, Udaipur, Rajasthan.
<h3><em>The new functionalities in the AIS Module are as follows:</em></h3>
<ul>
 	<li>AIS Utility for MAC operating system is now available</li>
 	<li>A new column “Quarter” has been added for information on purchase of securities &amp; mutual funds and on receipt of dividend on mutual fund holdings starting from F.Y. 2023-24</li>
 	<li>AIS utility with the ability to edit feedback enabled - To make it easier for taxpayers to edit previous feedback made using the utility.</li>
 	<li>New attributes added to the AIS "Tax Payments" section - BSR code, Challan serial number, and other attributes were added to make it easier for taxpayers to file ITRs.</li>
 	<li>Users will find greater convenience since the <a href="https://studycafe.in/tag/ais/">AIS</a> homepage on the Compliance portal offers an expansive overview of all the features provided.</li>
 	<li>The AIS portal displays the PAN-Aadhaar connecting status. The information symbol beside the PAN number shows the status- ease of compliance.</li>
 	<li>Information Confirmation Functionality - To obtain confirmation of taxpayer feedback or answers and to communicate taxpayer input on information obtained with the information source.</li>
</ul>
<h3>Recent Income Tax Portal Updates:</h3>
<ul>
 	<li>Launched of Revamped National Income Tax Website.</li>
 	<li>The website functions as an extensive database of tax and associated data.</li>
 	<li>A guided virtual tour of new features is also available on the portal.</li>
 	<li>Additionally, the website provides a "Taxpayer Services Module" with a number of tax tools to help people file their ITRs.</li>
 	<li>Links to pertinent portals, tool tips, and reverse countdowns are all provided via the dynamic due date alert capability. It offers cross-referenced and hyperlinked access to <a href="https://studycafe.in/tag/direct-tax/">Direct Tax</a> Laws, Allied Acts, Rules, Income Tax Circulars, and Notifications.</li>
 	<li>The website features a mobile-responsive layout and an aesthetic overhaul.</li>
</ul>
<h3>TIN 2.0</h3>
The previous OLTAS-based payment system has been replaced by the new e-pay <a href="https://studycafe.in/tag/payment-of-tax/">tax payment</a> platform, TIN 2.0, which is accessible on the <a href="https://studycafe.in/tag/e-filing/">e-filing</a> portal (from which the full tax payment has been transferred to TIN 2.0).

Because of this, it is now possible to pay taxes online through convenient choices including Internet Banking, NEFT/RTGS, OTC, Debit Cards, payment gateways, and UPI. With more banks than ever onboarded on TIN 2.0, taxpayers have more bank options when it comes to paying their taxes.
<h3>Report on Tax Payment</h3>
Under the Compliance portal's "Reports" area, a fresh report on the taxpayer's tax payments for a specific Assessment year is made accessible. This report offers a combined summary of all the taxes paid for the specific Assessment year.

The Income Tax Portal has been revamped and updated recently. The portal has new features in the AIS Module and TIN 2.0 in addition to visual and usability adjustments.

4 New Functionalities added to AIS Module on IT Portal; Know Details

The new functionalities in the AIS Module are as follows:

The Centre has re-appointed Ravi Agrawal as CBDT Chairman on a six-month contract from July 1 to December 31, 2026.

Government Re-Appoints Ravi Agrawal as CBDT Chairman for Six Months

The ITAT Mumbai deleted the Rs 7 lakh addition under Section 69A, holding that credible evidence and consistent explanations outweigh mere suspicion in unexplained cash cases.

ITAT Deletes Rs 7 Lakh Section 69A Addition, Says Suspicion Alone Cannot Replace Proof

The HC dismissed a writ petition challenging personal tax recovery under Section 179, holding that adequate protection had already been granted by directing authorities to first recover dues from the company.

Tax Recovery Must First Target Company: High Court Finds Existing Protection Sufficient and Dismisses Plea

The ITAT sets aside the CIT(A)'s order, holding that under Section 56(2)(x), stamp duty value on the date of allotment applies when part payment was made earlier.

ITAT Rules Stamp Duty Value to Be Considered at Allotment Date under Section 56(2)(x)

The ITAT remanded the case of the Section 80GGC exemption claim, holding that the CIT(A) had dismissed the appeal merely on the grounds of limitation, and the case was not heard on its merits.

ITAT Remands Section 80GGC Donation Case for Fresh Hearing Due to Non-Consideration of Case on Its Merits

From ITR filing to passport fees and banking rules, here are the key financial changes taking effect from July 1, 2026.

Financial Changes From July 1, 2026: What You Need to Know

In order to honour the efforts of Defence Personnel, the government offers special income tax benefits, allowance, and exemptions.

Income Tax Guide for Indian Defence Personnel for Tax Filing, Taxable Allowances and Other Benefits

The Central Board of Direct Taxes (CBDT) has released Income Tax Return Forms 1 and 4 for FY 2025-26.

Income Tax Return Breaking: ITR Forms released for AY 25-26

Madras High Court sentenced five Ex-DRT Officials to 5 years of rigorous imprisonment and also imposed a total penalty of Rs.27 lakh in a CBI corruption case.

Ex-DRT Officials Sentenced to 5 Years Rigorous Imprisonment by Madras High Court along with Rs.27 Lakh Fine

The Goods and Services Tax Network (GSTN) has issued an advisory on the case sensitivity in Invoice Reference Number (IRN) generations.

GSTN issued Advisory on Case Sensitivity in IRN Generation

RBI said on Friday that it will soon issue Rs.10 and Rs.500 banknotes in the Mahatma Gandhi (New) Series, each bearing the signature of Governor Sanjay Malhotra.

RBI to issue Notes of Rs.10 and Rs.500 bearing Signature of Guv Malhotra

Income Tax

Finance

ICAI

Judgement

ITAT

ITAT Delhi

Chartered Accountant

Institute of Chartered Accountants of India

CBDT

The ITAT held that a mere mismatch in a trade creditor's closing balance cannot justify an addition under Section 68 when the purchases, sales, and closing stock have already been accepted by the AO.

Mere Difference in Trade Creditor Closing Balance Cannot Justify Section 68 Addition When Purchases Are Accepted, Rules ITAT

The ITAT has upheld the disallowance of delayed employees' PF/ESI contributions under Section 143(1), ruling that CPC can make such adjustments while processing income tax returns.

Delayed PF/ESI Deposits Can Be Disallowed During ITR Processing, Holds ITAT

The ITAT Delhi remands Section 11 exemption case after the tax authorities fails to prove that educational institute engaged in trade or commercial activities.