Clipped from: https://incometaxindia.gov.in/Pages/annual-information-system.aspx Annual Information Statement (AIS) Introduction Annual Information Statement (AIS) is a statement that provides complete information about a taxpayer for a particular financial
Category: Income Tax
Taxpayer Information Summary (TIS): Meaning, PDF Password Format and How to Download It?
Clipped from: https://cleartax.in/s/taxpayer-information-summary-tis Taxpayer Information Summary (TIS) is the aggregated category-wise information of various transactions undertaken by the taxpayer against his PAN number or Form 60/61 (without PAN)
Form 26AS, AIS, and TIS: Complete Guide to Tax Statements
Clipped from: https://www.taxbuddy.com/blog/form-26as-ais-and-tis Updated: Jun 27, 2024 The task of submitting income taxes can be somewhat intimidating for numerous individuals. Understanding numerous income tax forms and their
AIS, TIS & 26AS: Must Check These Reports Before Filing Your ITR
Clipped from: https://www.ahujaandahuja.in/ais-tis-26as-must-check-before-filing-itr/ Understanding AIS, TIS, and Form 26AS and their Relevance in Income Tax Return Filing Income tax filing is quite an overwhelming process for
Comparing AIS, TIS, Form 26AS with Income Tax Return (ITR)
Clipped from: https://taxguru.in/income-tax/comparing-ais-tis-form-26as-income-tax-return-itr.html Compare and Contrast the Annual Information Statement (AIS), Taxpayer Information Summary (TIS), and Form 26AS with the Income Tax Return (ITR) Certainly! Let’s
Annual Information Statement: What is AIS, How to Check, Password Format And Feedback – Tax2win
Clipped from: https://tax2win.in/guide/annual-information-statement-ais-it-department ITR e-filing AY 2025-26: What is Annual Information Statement (AIS), How to Check AIS Status, AIS Password and Feedback Updated on: 21 Jun,
How to download AIS, TIS for ITR filing FY 2024-25 (AY 2025-26) – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-download-ais-tis-for-itr-filing-fy-2024-25-ay-2025-26/articleshow/122440627.cms How to download AIS Before submitting your Income Tax Return (ITR), you should have a thorough understanding of your financial activities as reported
Comprehensive*******FAQs on AIS (Annual Information Statement) | Income Tax Department
Clipped from: https://www.incometax.gov.in/iec/foportal/ais-faq Q-1 What is Annual Information Statement (AIS)? Annual Information Statement (AIS) is comprehensive view of information for a taxpayer. The objectives of AIS
*******ITR-2 Online e-Filing Enabled: Late Yet Riddled with Glitches, says CAs and Tax Filers
Clipped from: https://www.taxscan.in/top-stories/itr-2-online-e-filing-enabled-late-yet-riddled-with-glitches-says-cas-and-tax-filers-1428339 Some tax filers complained that even basic features like HRA and LTA exemptions under the salary breakup are difficult to declare properly as
Capital gain tax on mutual funds: Here’s what you need to know – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/capital-gain-tax-on-mutual-funds-heres-what-you-need-to-know-3922491/ The STCG is taxed at a rate of 20% for resident individuals, with effect from 23 July 2024, i.e. the date of presentation
Mutual fund taxation for AY 2025-26: Latest capital gain tax rules for equity mutual funds, debt mutual funds, international mutual funds, gold mutual funds, others – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/mutual-fund-taxation-for-ay-2025-26-latest-capital-gain-tax-rules-for-equity-mutual-funds-debt-mutual-funds-international-mutual-funds-gold-mutual-funds-others/articleshow/122830380.cms The capital gain tax rule for various categories of mutual funds has been updated in FY 2024-25. The new capital gain tax rules
Income Tax Reassessment Initiated During Pending Assessment Proceedings: Delhi HC Sets Aside Order for Lack of Jurisdiction [Read Order]
Clipped from: https://www.taxscan.in/top-stories/income-tax-reassessment-initiated-during-pending-assessment-proceedings-delhi-hc-sets-aside-order-for-lack-of-jurisdiction-1428180 The Court ruled that reassessment proceedings cannot be initiated unless the initial assessment is concluded The High Court of Delhi,set aside the reassessment order
‘File a form, skip the ITR?’: Govt could simplify TDS refunds for low income earners – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/file-a-form-skip-the-itr-govt-could-simplify-tds-refunds-for-low-income-earners-485449-2025-07-21 The government has reportedly accepted the committee’s recommendation and is expected to include it as an amendment to the Income-Tax Bill, 2025. The
*Sold property to save tax? This “safe” move could silently wipe out ₹9.6 lakh in returns – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/sold-property-to-save-tax-this-safe-move-could-silently-wipe-out-rs96-lakh-in-returns-485355-2025-07-19 If your only goal is to save every rupee in tax, 54EC bonds do their job. But for investors with time and the
*******Avoid penalties: Fix AIS discrepancies before submitting ITR; Here’s what to do – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/ais-discrepancies-correction-income-tax-department-ay-2025-26-485186-2025-07-18 If your Annual Information Statement (AIS) shows incorrect data, it’s important not to ignore it. Errors or mismatches in the AIS can lead
*******NRIs need not disclose foreign assets or income in ITR – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/nris-need-not-disclose-foreign-assets-or-income-in-itr-3919432/ NRIs with India-sourced income must file ITR using Form ITR-2, but need not disclose foreign assets or income unless resident. Learn rules on
*******You get tax benefit on top-up home loan; your queries answered – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/you-get-tax-benefit-on-top-up-home-loan-your-queries-answered-3919439/ Get clarity on tax benefits for top-up home loans, education loans, and F&O trading losses. Understand deductions under Sections 24(b), 80C, 80E, and
ITR Filing for FY 2024-25: Key guidelines to follow to avoid delayed refunds | Personal Finance News – The Indian Express
Clipped from: https://indianexpress.com/article/personal-finance/itr-filing-for-fy-2024-2025-rules-to-follow-to-avoidlate-refunds-10132314/ ITR Filing FY 2024-25, AY 2025-26: To avoid delays in income tax refunds for FY 2024-25 (AY 2025-26), it’s important to know that
ITR-2 filing FY 2024-25 begins online: Know the eligibility, new updates, and more
Clipped from: https://indianexpress.com/article/personal-finance/itr-2-filing-fy-2024-25-begins-online-know-the-eligibility-new-updates-10134038/ ITR-2 Filing FY 2024-25: The Income Tax Department has finally activated ITR-2 for online filing after a 100-day delay. Taxpayers can now file
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