The Income Tax Department has announced that taxpayers can now access the new Annual Information Statement (AIS) through the e-Filing portal.
In a Tweet, the department has clarified that "Check out the new Annual Information Statement(AIS)
. Provides a comprehensive view of the information available with ITD about taxpayers. Click on link 'AIS' under 'Services' tab on http://incometax.gov.in to access."The new AIS includes additional information related to interest, dividend, securities transactions, mutual fund transactions, and foreign remittance information.
The AIS is a comprehensive statement containing details of all the financial transactions undertaken by you in a financial year (FY), i.e., it contains the information that are specified under the Income-tax Act, 1961.
The AIS contains information related to income earned from various sources such as salary, dividend, interest from a savings account, recurring deposits, sale and purchase of equity shares, bonds, mutual funds, etc. The statement also contains information related to TDS, TCS, and any tax demand or refund.
Here is how you can download AIS from the e-filing website
Taxpayers can visit the e-filing portal (https://www.incometax.gov.in) and log in using their PAN, Aadhaar, or User ID.
Now head to the ‘Services' section and click on ‘Annual Information Statement (AIS)'.
To download the AIS statement in PDF format, select either the PDF or JSON option and click 'Download.'
Now open the PDF format of AIS and enter your PAN and date of birth as password in order to access it.
Information in AIS
AIS is divided into two parts: Part A and Part B. Part A contains general information such as PAN, masked Aadhaar number, name of taxpayer, date of birth, etc. Part B contains comprehensive information on TDS, TCS, Specified financial transactions, payment of taxes, tax demand and refund, and other information.
Check for any errors
The income tax department in its press release dated November 1, 2021, has asked the taxpayers to check the information available in the AIS. If there is a mismatch in the information, then taxpayers should inform the same to the income tax department. If the mismatch is not informed to the tax department, then it may be assumed that the information reflected in AIS is correct and the income tax department may ask you to explain the mismatch between the income tax return filed by you and the information in the AIS.
