AIS for FY 2022–23 is available on Income Tax Portal

AIS for FY 2022–23 is available on Income Tax Portal

AIS for FY 2022–23 is available on Income Tax Portal The AIS for FY 2022–23 is available on Income Tax Department Official E-filing Portal. Annual In…

authorReetudateOct 11, 2022
Last update on Oct 11, 2022
AIS for FY 2022–23 is available on Income Tax Portal The AIS for FY 2022–23 is available on Income Tax Department Official E-filing Portal. Annual Information Statement (AIS) is comprehensive view of information for a taxpayer displayed in Form 26AS. Taxpayer can provide feedback on information displayed in AIS. AIS shows both reported value and modified value (i.e. value after considering taxpayer feedback) under each section (i.e. TDS, SFT, Other information). The objectives of AIS are: a) Display complete information to the taxpayer with a facility to capture online feedback. b) Promote voluntary compliance and enable seamless prefilling of return. c) Deter non-compliance. AIS is the extension of Form 26AS. Form 26AS displays details of property purchases, high-value investments, and TDS/TCS transactions carried out during the financial year. AIS additionally includes savings account interest, dividend, rent received, purchase and sale transactions of securities/ immovable properties, foreign remittances, interest on deposits, GST turnover etc. Obviously, AIS is not completely updated on portal. It an assumption that it will be updated on Real-time soon!

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Reetu

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Reetu is a Content Writer with 4+ years of experience in GST, Income Tax, Finance, Company Law, Education and Career Related Content. She is a B.COM (Honrs.) Graduate.
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