The last date for filing Income Tax Return (ITR) is 31 July 2023. In such a situation, if you also file Income Tax Return (IT Return file), then now a special facility has been launched for you.
In fact, the Income Tax Department has launched a new facility called “Annual Information Statement (AIS)” to make the process of filing Income Tax Return easier. Taxpayers can now verify their income tax returns with the new Annual Information Statement before filing and avoid facing notices from the income tax department in future.
Annual Information Statement (AIS) is more comprehensive than the old Form 26AS and contains all the information on taxpayers that is already with the Income Tax Department. With the help of AIS, filing income tax becomes very easy. Let us know about it in detail….
What is Form AIS?
With this help, it will be very easy for the taxpayer to fill his ITR. AIS i.e. Annual Information Statement simply means that all the financial information of the year i.e. the details of earnings through different mediums are found in it. This income includes the amount received from interest on savings account, income from recurring or FD, money received as dividend, income from mutual funds or securities and any income from abroad.
Why is it important
AIS will bring transparency in ITR filing and simplify things for taxpayers. With the help of AIS, filing income tax becomes very easy. That’s why you must have AIS before filing ITR. Do not file ITR until AIS is received by you. Because there can be a difference in the figures if ITR is filed without AIS. Although the updated AIS is not yet available, it is likely that this document will be available to taxpayers in the first week of May.
How to download
Step 1. Login to the Income Tax Portal with the help of your PAN and password.
Step 2. Click on the “Service” tab in the menu, then click on the Annual Information Statement (AIS) option.
Step 3. Here a pop up window will open in front of you, in which you have to click on Proceed.
Step 4. Now your AIS homepage will open.
Step 5. Read all the instructions given on the AIS homepage carefully.
Step 6. Click on the AIS tab given between Instructions and Activity History.
Step 7. Now you will have two options for download. First, Taxpayer Information System (TIS) and second Annual Information Statement (AIS).
Step 8. Click on PDF Download in the AIS tab. On opening the PDF, you will be asked for the password. This password will be your PAN card number + date of birth. For example, if your PAN card number is AAAAA1234A and your date of birth is January 21, 1991, then your password will be AAAAA1234A21011991.
