Income Tax Department: The Income Tax Department has launched a mobile app named AIS for Taxpayers for the convenience of taxpayers. By visiting this app, taxpayers will be able to see Annual Information Statement and Taxpayer Information Summary. AIS for Taxpayers is a mobile application available to taxpayers completely free of cost.
Users can download this app by the name AIS for Taxpayers by visiting Google Play or App Store. The details of all financial transactions done by taxpayers during a financial year, which the tax department has collected from different sources, are AIS (Annual Information Statement) and TIS (Taxpayer Information Summary). Taxpayers will be able to see by going to Taxpayer Information Summary.
Through this mobile app, taxpayers can view their details related to TDS and TCS. Also, interest, dividend, share transaction, payment of tax, income tax refund and other information including GST data, foreign remittance will be available in Annual Information Statement (AIS) and TIS. Taxpayers have the option to give this feedback regarding the information being displayed in the app.
To access this app, taxpayers have to register on the app. For this, taxpayers will have to provide PAN number. Taxpayers will have to verify their identity through the OTP that will come on the registered mobile number and email ID on the e-filing portal. Taxpayers can set a 4 digit pin number to access this mobile app. The tax department believes that this facility being made available to taxpayers will help in compliance.
While filing income tax return, it is very important for taxpayers to take care of some things. Otherwise their difficulties may increase. From last year 2022, the Income Tax Department has brought AIS (AIS) and TIS (Taxpayer Information Summary) with details of all financial transactions of a taxpayer. The complete account and details of the means through which taxpayers have earned during the financial year remain in AIS. These include salary, income earned as interest from savings account, income from recurring and fixed deposits, the amount received from investing and selling in the stock market and mutual funds, as well as the details of the amount received from dividends. Details of money received from abroad are also given in AIS.
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To make ITR filing easier, the Income Tax Department has introduced TIS. In this, taxpayers get complete information about their total taxable income. The Income Tax Department has brought AIS and TIS to prevent tax evasion. No financial transaction is hidden from the eyes of the Income Tax Department.
