CBDT: Taxpayers Can Monitor Feedback Implementation by Reporting Entities.

The CBDT has introduced a new feature within AIS, revealing the status of information confirmation. It will indicate whether the taxpayer’s feedback has been addressed by the Source, either partially or completely, by accepting or rejecting it. If accepted partially or fully corrections are needed via a correction statement from the Source.

Taxpayers will have access to various attributes indicating the status of feedback confirmation from the Source

Whether feedback is shared for confirmation: This informs taxpayers whether their feedback has been shared with the Reporting Source for confirmation or not.

Feedback Shared On: This indicates the date when the feedback was shared with the Reporting Source for confirmation.

Source Response On: This shows the date when the Reporting Source responded to the shared feedback.

Source Response: This reveals the response provided by the Source regarding the taxpayer’s feedback, indicating if any corrections are necessary.

This new functionality is expected to increase transparency by displaying such information in AIS to the taxpayer This is another initiative of the Income Tax Department towards ease of compliance and enhanced taxpayer services.