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22.11 - 19:43
Annual Information Statement vs Form 26AS: Now get more information at one place to file ITR
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financialexpress.comThe Income Tax Department has announced the roll-out of a new statement – Annual Information Statement (AIS) – which would provide you with almost all details about your financial transactions during the year.
So far, the Income Tax Department has been issuing Form 26AS to provide information related to taxable income and tax deducted at source (TDS), which will now be replaced with the Annual Information Statement (AIS).
Compared to Form 26AS, AIS is a much more detailed one, with many more details included – like interests credited to your Savings Bank Accounts, all Mutual Fund (MF) transactions during the year, etc.
“AIS is more detailed than Form 26AS and is a complete financial summary of all the data, which is there with the Income Tax
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