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TAXPAYER INFORMATION SUMMARY
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
Why should these taxpayers avoid filing ITR before June 15th for AY 2026-2027Taxpayers are advised to delay filing their Income Tax Returns for AY 2026-2027 until after June 15th. This allows for the accurate updatio...
12 key income tax form changes every taxpayer should know: From Form 16 to Form 168A new Income-tax Act arrives on April 1, 2026. It brings fresh income tax forms and replaces many old ones. Taxpayers will use these new fo...
ITR filing: 4 disclosures you need to be ready with in new financial yearIndia’s tax department has rolled out updated ITR forms for FY 2025–26, introducing tighter disclosure norms while keeping the overall stru...
ITR filing 2025: What you should know about Form 26AS, AIS and TISIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 6...
- What is Form 26AS, AIS and TIS in income tax? 8 things every taxpayer must know
Documents for ITR filing FY 2024-25 (AY 2025-26): Eight documents you must keep ready to file your income tax returnThe government has extended the ITR filing deadline for FY 2024-25 to September 15, 2025, benefiting taxpayers not requiring audits. Taxpay...
How to download AIS, TIS for ITR filing FY 2024-25 (AY 2025-26)Indian taxpayers can now easily access their financial data through the Annual Information Statement (AIS) and Taxpayer Information Summary...
What is Form 26AS, AIS and TIS in income tax?Taxpayers must review Form 26AS, AIS, and TIS before filing income tax returns. The Annual Information Statement (AIS) offers a detailed vi...
GST authorities issue notices over input tax credit discrepanciesGST authorities have issued notices to companies for discrepancies in input tax credit claims, prompting scrutiny of annual returns against...
Is your advance tax, self-assessment tax details missing from ITR forms? Here’s what you can doAdvance tax, Self-assessment tax, refund, others will not be available in Form 26AS from this year AY 2023-24 (FY 2022-23. Nonetheless, one...
What is the password to open Annual Information Statement (AIS) after downloadingIn addition to other new data, AIS now contains information on interest, dividends, stock and mutual fund transactions, overseas remittance...
What is AIS? Income tax department answers all your queries about Annual Information StatementThe Annual Information Statement (AIS) is a tool the tax department uses to let people know what information it holds on them.
AIS shows ALL your digital financial transactions that the income tax dept knows aboutThe income tax department has launched a comprehensive statement called Annual Information Statement (AIS) in November 2021. This statement...
ITR filing: What does Taxpayer Information Summary (TIS) in Annual Information Statement contain?The Taxpayer Information Summary (TIS), which contains significant summaries of the taxpayer's information, is a crucial element of the AIS.
New app from Income tax department for tracking refunds, TDS, income tax payments, interest paymentsThe mobile application from Income Tax Department can be accessed free of cost and is available on Google Play & App Store. It is called AI...
How to file ITR-1 with salary income, home loan, other incomes for FY 2020-21Many salaried individuals have to use the ITR-1 form to file their tax returns. A resident individual having total income up to Rs 50 lakh ...
ITR filing: New annual information statement accessible on e-filing portalThe I-T department had last month expanded the list of high-value financial transactions, which would be available to taxpayers in their Fo...
IT Dept rolls out Annual Information Statement, providing comprehensive view of taxpayer infoThe new AIS can be accessed by clicking on the link Annual Information Statement under the services tab on the new income tax e-filing port...
Businesses to declare mismatch in GST returns form, outward supplies in annual returns: Finance MinistryWhile form GSTR-1 is an account of details of outward supplies, GSTR-3B is where the summaries of all transactions are declared and payment...