The taxpayers have been requested to view the information shown in Annual Information Statement (AIS) and provide feedback if the information needs modification. The value shown in Taxpayer Information Summary (TIS) may be considered while filing the ITR. In case the ITR has already been filed and some information has not been included in the ITR, the return may be revised to reflect the correct information.
In case there is a variation between the TDS/TCS information or the details of tax paid as displayed in Form26AS on TRACES portal and the TDS/TCS information or the information relating to tax payment as displayed in AIS on Compliance Portal, the taxpayer may rely on the information displayed on TRACES portal for the purpose of filing of ITR and for other tax compliance purposes. Taxpayers may refer to the AIS documents (AIS Handbook, Presentation, User Guide and FAQs) provided in “Resources” section or connect with the helpdesk for any queries through “Help” section on the AIS Homepage.
- Penalty u/s 271B is not attracted where books of account not maintained – ITAT Allahabad
- NALCO invites RFP for empanelment of CA Firms for verification of Stores/Spares & movable assets
- Sending or bringing currency of Nepal and Bhutan – RBI revises regulations
- Manufacturing without aid of power. Entire process though by distinct units to be seen – SC
- Delay in filing Form 10B condoned as failure was in 1st year of operation of Trust
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