ITR filing rules: The process of filing Income Tax Return (ITR) has started. Taxpayers can file Income Tax Return (ITR Filing 2022-23) on the e-filing portal for the financial year 2021-22 or assessment year 2022-23.
The government has fixed July 31 as the last date for filing ITR this year. Now the Income Tax Department has changed some rules for ITR filing. It is important to know about these changes, otherwise you may get a notice from the department even after filing ITR.
All earnings details in AIS
Actually, keeping in mind the convenience of the taxpayers, recently Income Tax The department has launched a new tool Annual Information Statement or AIS (Annual Information Statement- AIS). The Annual Information Statement was launched on November 1, 2021.
The IT department has started these to bring transparency in ITR filing and to make things simple. This statement provides more information than 26AS. Only high value transactions and TDS are mentioned in Form 26AS whereas AIS contains all the details of savings bank interest, dividend, capital gains and share transactions.
Filing of Income Tax Return with the help of AIS will become easier for the taxpayers. Taxpayers can now get their ITR verified through AIS before filing it and avoid facing the notices of Income Tax Department in future.
How to Download AIS
>> First of all you have to login to ITR filing portal through PAN/Aadhaar and Password.
>> Go to the ‘Services’ section at the top and click on ‘AIS’.
>> After this, click on ‘Proceed’.
>> Now you have to tap on Download. Here you can opt for PDF or JSON.
