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Taxpayers Can Report Errors Through Annual Information Statement

Taxpayers can ship their suggestions to Earnings Tax division on-line in case of errors

As hundreds of thousands of taxpayers are busy submitting their annual revenue tax returns, they’ll now ship a suggestions on-line to the revenue tax division in case there’s any discrepancy of their transaction historical past, captured within the new e-filing portal.

The division on Monday stated that the transaction historical past captured within the new complete annual data assertion (AIS) has a facility for on-line suggestions.  

“If the taxpayer feels that the knowledge is wrong, pertains to different particular person/12 months, duplicate and so forth., a facility has been offered to submit on-line suggestions,” the division stated.  

The brand new AIS may be accessed by clicking on the hyperlink ‘annual data assertion (AIS)’ below the ‘companies’ tab on the brand new e-filing portal. The show of kind 26AS on the division’s TRACES portal will even proceed in parallel until the brand new AIS is validated and is totally operational, the division stated. 

It contains options like further data referring to curiosity, dividend, securities transactions, mutual fund transactions and international remittance data.

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