Madhukar Planet: What is Annual Information Statement and how to download AIS from new income tax portal

Thursday, July 7, 2022

What is Annual Information Statement and how to download AIS from new income tax portal



The income tax department has launched an information statement called Annual Information Statement or AIS. It is a comprehensive statement containing details of all the financial transactions such as income, expenses, investments, tax deducted etc. of an individual. Here are the steps to download AIS and check the information in it.

The newly launched Annual Information Statement (AIS) is a tool that tells taxpayers what the tax department knows about them. AIS is a comprehensive statement containing details of all the financial transactions undertaken by you in a financial year (FY), i.e. it contains the information that are specified under the Income-tax Act, 1961

AIS contains information related to income earned from various sources such as salary, dividend, interest from savings account, recurring deposits sale and purchase of equity shares, bonds, mutual funds etc. The statement also contains information related to TDS, TCS and any tax demand or refundHere is how you can download your AIS from the e-filing website.

Steps to download AIS from new income tax portal
Step 1: Login into your account on the government's e-filing portal at www.incometax.gov.in.


Step 2: Under the 'Services' tab, select 'Annual Information Statement (AIS)'. A pop-up will appear on your screen. Click on 'Proceed'. You will be redirected to another website.


Step 3: On the web page tab that opens, select 'AIS'.

Step 4: You will have to select either of the two options: Taxpayer Information Summary (TIS) or Annual Information Statement (AIS). It will also show the financial year for which AIS is being downloaded, your PAN and name.




Courtesy:
https://economictimes.indiatimes.com

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