Skip to main content

Full Details of AIS with Downloading Process on New Portal

Image
By
Steps to Download AIS from New IT Portal

The latest begun Annual Information Statement (AIS) tool gives the assessee the details which the tax council revealed about him. AIS is an extensive statement that poses the information about all the transactions concerned to the financial aspects that have been performed by the assessee towards the fiscal year and pose details which have been mentioned beneath the income tax act 1961. 

AIS points to the details concerned with the income earned from several sources like salary, interest from a savings account, dividend, sale and purchase of equity shares, recurring deposits, bonds, mutual funds, and others. The Statement poses the details concerned to the preparing e-TDS or TCS returns along with the additional tax demand/refund.

Below is the process to download the AIS from the e-filing website.

Steps to Download AIS Via New Income Tax Portal

Step 1: Login into your account on the government's e-filing portal at www.incometax.gov.in.

AIS Step 1

Step 2: Beneath the 'Services' tab, choose 'Annual Information Statement (AIS)'. A pop-up shall prompt on your screen. Tap on 'Proceed'. Individuals proceed to the next website.

AIS Step 2

Step 3: Choose the 'AIS' on the web page tab which the individual has open.

Step 4: One shall need to choose any of the 2 options: The Taxpayer Information Summary (TIS) or Annual Information Statement (AIS). The fiscal year towards which the AIS is downloaded will also be shown, including the PAN and name. 

AIS Step 3

Step 5: Choose the download Arrow on the AIS box. A pop-up shall arise urging the taxpayer to choose the format to download the AIS. The statement can be downloaded in PDF format and JSON utility.

The PDF is password shielded. The password to access the downloaded PDF is the combination of your PAN and date of birth. For example, if your PAN is AAAAA000A and your date of birth is January 1, 1991, the password for the PDF rendered to be AAAAA0000A01011991.

AIS Details

AIS has been divided into 2 segments: Part A and Part B. Part A carries basic details like PAN, masked Aadhaar number, name of taxpayer, date of birth, and others. Part B comprises comprehensive details upon TDS, TCS, the mentioned financial transactions, payment of taxes, tax demand, and refund, and additional details.

Find Out The Errors 

The income tax department via press release urged the assessee to examine the details which are present in AIS. if there is an error in the details then the assessee must tell that to the income tax department. When the errors are not explained to the tax council then it is taken into account that the details mentioned in the new annual information statement (AIS) is true along with that the tax council might urge you to tell the error amid the ITR furnished through you as well as the AIS details. 

"If the taxpayer feels that the information is incorrect, relates to another person/year, duplicate etc., a facility has been provided to submit online feedback," mentioned in the press.

Comments

Post a Comment

Popular posts from this blog

A Full Guide to GST E-Way Bill 2 for Faster Compliance

By
  Have you encountered any challenges while trying to create a GST E-way bill using the government portal? If yes, SAG Infotech is here to provide some important solutions for you. NIC has launched the GST E-Way Bill 2 Portal. Designed to Offer GST E-way Bill Services with High Availability Using the e-way bill site, taxpayers and logistics operators can log in with their current account and password. Data from the GST E-way Bill2 site will be verified, combined, and available on the main GST E-way Bill portal for all business and analytical objectives. To guarantee that e-invoice generation is unaffected, this portal is integrated with another e-invoice portal for e-way bill generation. Users can freely create and amend E-Way Bills using the GST E-Way Bill2 Portal. The seamless integration and merging of the e-Waybill1 and e-Waybill2 systems will lessen reliance on the e-Waybill1 system in emergencies. E-way bill details are synchronised with the main portal in only a few seconds
Post a Comment
Read more

Gen Online Payroll Software for Small Business in India

By
In today's digital world, every person and businessperson works very hard to manage data manually, which can be a time-consuming and labour-intensive task, particularly when information needs to be constantly updated and verified. Likewise, managing large volumes of employee-related data can be a challenging and overwhelming task for HR professionals. Therefore, to address the workload and complexity of these tasks, the IT sector has developed Payroll software. In recent years, we have seen a huge growth in the number of Payroll software options. Yes, there are many types of HR Payroll software available in the Indian market at present. If you're looking for a reliable and popular payroll software option, you can choose Gen Online Payroll software, brought to you by SAG Infotech. Whether the business is medium or small, Gen Payroll software can make managing numerous important tasks of a human resources manager hassle-free. The Online Payroll software assigns a unique
Post a Comment
Read more

GST Collection of August 2024 Reaches INR 1.75 Lakh Crore

By
Concerning the financial front, gross GST collections for August 2024 show a strong 10% growth, reaching approximately ₹1.75 lakh crore.  This surge, driven by robust domestic consumption, led to a 9.2% increase in GST revenues from domestic transactions to approximately ₹1.25 lakh crore. Revenue from imported goods also saw a substantial rise of 12.1%, totalling ₹49,976 crores.  Despite the overall growth, there was a slight decrease from the ₹1.82 lakh crore collected in July 2024 when compared month-on-month. However, industry experts remain optimistic.  They point out that the 10% year-on-year increase at the commencement of the festive season is a strong indicator of sustained and potentially growing consumption in the upcoming months. The government's ongoing efforts to simplify the GST process, especially through measures such as adjusting rates to lower working capital expenses, have been positively acknowledged.  This dedication is also evident in the ₹24,460 crore in
Post a Comment
Read more