Income Tax Department: The Income Tax Department has launched a cell app named AIS for Taxpayers for the comfort of taxpayers. By visiting this app, taxpayers will have the ability to see Annual Information Statement and Taxpayer Information Summary. AIS for Taxpayers is a cell utility accessible to taxpayers fully freed from value.

Users can obtain this app by the identify AIS for Taxpayers by visiting Google Play or App Store. The particulars of all monetary transactions accomplished by taxpayers throughout a monetary yr, which the tax division has collected from totally different sources, are AIS (Annual Information Statement) and TIS (Taxpayer Information Summary). Taxpayers will have the ability to see by going to Taxpayer Information Summary.

Through this cell app, taxpayers can view their particulars associated to TDS and TCS. Also, curiosity, dividend, share transaction, cost of tax, earnings tax refund and different data together with GST knowledge, international remittance can be accessible in Annual Information Statement (AIS) and TIS. Taxpayers have the choice to present this suggestions relating to the knowledge being displayed within the app.

To entry this app, taxpayers need to register on the app. For this, taxpayers should present PAN quantity. Taxpayers should confirm their id by way of the OTP that may come on the registered cell quantity and e-mail ID on the e-filing portal. Taxpayers can set a 4 digit pin quantity to entry this cell app. The tax division believes that this facility being made accessible to taxpayers will assist in compliance.

While submitting earnings tax return, it is rather essential for taxpayers to care for some issues. Otherwise their difficulties could improve. From final yr 2022, the Income Tax Department has introduced AIS (AIS) and TIS (Taxpayer Information Summary) with particulars of all monetary transactions of a taxpayer. The full account and particulars of the means by way of which taxpayers have earned throughout the monetary yr stay in AIS. These embody wage, earnings earned as curiosity from financial savings account, earnings from recurring and stuck deposits, the quantity acquired from investing and promoting within the inventory market and mutual funds, in addition to the main points of the quantity acquired from dividends. Details of cash acquired from overseas are additionally given in AIS.

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To make ITR submitting simpler, the Income Tax Department has launched TIS. In this, taxpayers get full details about their whole taxable earnings. The Income Tax Department has introduced AIS and TIS to forestall tax evasion. No monetary transaction is hidden from the eyes of the Income Tax Department.