Income Tax Dept rolls out new IT Returns functionality. Details here

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Ziraat Times
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New Delhi: The Central Board of Direct Taxes (CBDT) has rolled out a new functionality in the Annual Information Statement (AIS) to display the status of information confirmation process in real-time.

This will display, whether the feedback of the taxpayer has been acted upon by the source, by either, partially or fully accepting or rejecting the same, according to an official release.

In case of partial or full acceptance, the information is required to be corrected by filing a correction statement by the source.

What is Annual Information Statement (AIS)?

The AIS is available to all registered income taxpayers through the compliance portal, accessible through the e-filing website (www.incometax.gov.in). The statement provides details of a large number of financial transactions undertaken by the taxpayer which may have tax implications.

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