The Buyt Desk
The income tax department of the Government of India rolled out a new feature in its portal Annual Information System. It shares a comprehensive view of taxpayers’ data.
The data consist of information related to interest income on saving bank account, dividends, security transactions, overseas remittance data and mutual fund transactions.
To give a seamless experience to AIS users, the income tax department has shared some Dos and Don’t’s which taxpayers should follow while using this facility.
The department shared this information in a tweet and mentioned, ‘Caveat! There are some Do’s and Don’t’s which taxpayers should observe to have seamless experience within the AIS utility’.
The Dos of Annual Information System For Taxpayers
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Always use the latest version of the AIS utility
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Share suggestions on the knowledge that AIS displays
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Check AIS regularly
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Verify tax information summary (TIS) values used for prefiling of returns
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Use the AIS utility to verify
The Don’ts Of Annual Information System
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Do not use the old or outdated version of AIS JSON.
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Do not enter wrong suggestions in the AIS database.
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Never share your e-filing details with anyone.
The taxpayers can access the AIS by clicking on the link “Annual Information System AIS’ in the Service category in the new portal of the income tax department.
The portal has added a new facility that offers an online feedback facility to the taxpayer. If the taxpayer finds the information in AIS inaccurate or erroneous they can immediately provide feedback on the same. They are allowed to modify the information value and provide customized feedback in the info category.
