Check AIS Before Filing ITR
See Your Annual Information Statement (AIS) Before Filing ITR
As the July 31 deadline to file income tax returns for the financial year 2023-24 approaches, it's vital to review two critical documents: Form 26AS and the Annual Information Statement (AIS). These documents detail your tax payments and financial transactions, ensuring you don't overlook any income.
Steps to Access Your AIS
1. Visit the income tax department's website.
2. Click on the 'AIS' tab.
3. Follow the instructions and download the statement using your PAN and birthdate as a password.
Importance of Reviewing Your AIS
Reviewing your AIS helps ensure you report all financial transactions and TDS records accurately. The AIS includes information such as tax refunds, interest from savings accounts, dividends, rental income, and transactions involving securities, properties, and foreign remittances. This thorough review ensures that you include all necessary details in your ITR.
How to Correct Mistakes in Annual Information Statement (AIS)?
If you find errors in your AIS, the portal allows you to correct them. Here's how:
1. Log in to the income tax e-filing portal and access your AIS.
2. Verify the information and provide feedback if there are mistakes.
3. For disputes in Part B of AIS, use the 'Bulk feedback' option, select the transaction with the error, and submit your complaint.
By reviewing and correcting your AIS, you ensure your income tax return is both accurate and complete, reducing the risk of future issues with the tax department.
