The Income Tax Department has acknowledged the mismatches in AIS (Annual Information Statement) Data and urged reporting entities to submit revised data.
Reetu | Mar 11, 2024 |
IT- Department acknowledges mismatches in AIS Data: Reporting Entity to submit revised data
The Income Tax Department has acknowledged the deficiencies/ mismatches in AIS (Annual Information Statement) Data and urged reporting entities to submit revised data.
Based on feedback from taxpayers on the e-campaign for Advance Tax, the Department has identified certain inconsistencies in the data of the securities market (SFT-17) provided by one of the Reporting Entities. The reporting body has been asked to submit a revised statement with updated information.
Therefore, the data on AIS will be updated. Taxpayers are recommended to await additional details on AIS based on the updated statement.
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