Annual Information Statement

  जगद्विपरिवर्तते (Jagat viparivartate) - the world is in constant revolution. In nutshell; Change is the only constant thing. When Form 26AS was first launched by the Income Tax Department, it’s been used as a ready reference for filing of Income Tax Returns and verification of tax credits. Form 26AS is a consolidated annual tax statement that includes information on tax deducted/collected at source, advance tax, and self-assessment that is available on the Income-Tax website against a taxpayer’s PAN. From FY 2020-21, The Income tax department taken one step ahead and brought out new Annual Information Statement (AIS) which includes additional information such as those related to interest, dividend, securities transactions, real estate transactions, mutual fund transactions and remittances from abroad along with detail information on many other transactions that are present available with the Income Tax department. AIS introduced by Income Tax Department is a comprehensive s...