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ITR: If you are going to file income tax return then you must know the difference between AIS and 26AS. Let us know for what purpose they come.
The Income Tax Department has issued the form for filing the return. You have till July 31 to file income tax return. After this, permission will be given to file ITR with fine. On the other hand, if you are going to file ITR, then you should know some basic things.
What is AIS?
The IT department launched a new Annual Information Fee (AIS) on the compliance portal in 2021, which provides taxpayers with information about their financial transactions carried out during a financial year.
What kind of information is in AIS
This makes it easier for the taxpayers to file their returns. Apart from this, it also provides information to taxpayers like tax refund, TDS or TCS, interest, mutual fund transactions, tax payments, share transactions, etc. This means you will get all the transaction details under AIS while filing ITR. Taxpayers can access AIS data in PDF, JSON and CSV form.
What is Form 26AS?
Under this, there is complete information about tax deducted, tax collected and PAN during the financial year. While filing ITR, the taxpayer should have tax passbook with PAN, Form 26AS and details of transactions during the financial year.
How information under 26AS
Source of tax deducted under 26AS, information of tax collector as well as self assessment tax, advance tax, tax refund, annual information report, high value transaction, tax deducted etc. are available.
how to download ais
To get the AIS data, first login to the Income Tax Portal. Then select AIS under the Services section. Now click on the AIS tab on the homepage. Now select the financial year and click on the AIS tile to view the annual information details.
How to get Form 26AS
First of all go to the Income Tax website. Then select the e-File menu and select Income Tax Return. Download the form by clicking on ‘View Form 26AS’.
(pc rights of employees)
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