Now, two options will be visible to you - Taxpayer Information Summary (TIS) and Annual Information Statement (AIS).Select 'Annual Information Statement (AIS)' under the 'Services tab'.Log on the new Income tax e-filing portal ().On the ‘Optional’ tab the same can be accomplished,' said Gupta. “Feedback should be submitted by taxpayers as soon as they notice any inconsistency. The statement can be evaluated for all entries, including personal information and financial transactions. The new AIS can be accessed by clicking on ‘Annual Information Statement (AIS)’ under the ‘Services’ tab on the new income tax e-filing portal ().Īmit Gupta, MD, SAG Infotech says when taxpayers feel the information reflected in AIS is not accurate, they can submit a corrected response.

'If the taxpayer feels that the information is incorrect, relates to other person/year, duplicate etc., a facility has been provided to submit online feedback,' said the press release.What do taxpayers have to do if the information in AIS is incorrect? 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 information in the tax return filed by you and that in the AIS.Īlso Read: How to get errors in AIS corrected If there is a mismatch in the information, then taxpayers should inform the same to the income tax department. The income tax department in its press release dated November 1, 2021, has asked the taxpayers to check the information available in the AIS. Part B contains comprehensive information of TDS, TCS, Specified financial transactions, payment of taxes, tax demand and refund and other information.Īlso Read: AIS contains ALL your financial transactions that tax dept knows Part A contains general information such as PAN, masked Aadhaar number, name of taxpayer, date of birth etc. AIS is divided into two parts: Part A and Part B.

Download itr statement