IT- Department acknowledges mismatches in AIS Data: Reporting Entity to submit revised data:

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.