AIS (Annual Information Statement) by Income Tax
Income Tax Department has announced a new statement - AIS (Annual Information Statement) This will give you all details (well almost all!) about YOUR financial transactions during the year. What is AIS (Annual Information Statement)? You know earlier Income Tax used to give statement 26AS. AIS is a much detailed one - with many more details included - like your Savings Interest, all Mutual Fund transactions during the year etc. Will 26AS be stopped? May be stopped in coming future. As per the Notification, 26AS will conitue to be operational until AIS become fully operational after getting the feedbacks from the stake holders. a) Now you can get both 26AS and also AIS. b) Both put together, Income Tax department knows all your financial transactions. c) You will find it very easy to know and submit details for your Income Tax returns. How to access my AIS? a) Log in to your Income Tax account at http://incometax.gov.in b) Go to Services Tab c) Last option