Its time for TAX RETURNS, How to file online ,What AIS is having in it for taxpayers?

 

With the end of Financial year 2021-22, the statutory duty of every responsible citizen came to be fulfilled. Yes, it is nothing but the TAX RETURNS, which is due to file in the coming days.

Almost all taxpayers seek proper guidance from their financial planners or chartered accountants before filing the Income tax returns but, there are some people who cant afford the services of these professionals so, Income tax department newly introduced the comprehensive statement named AIS or, Annual information system which consists of 46 of the financial transaction . These statement or financial information are the summary of your tax liabilities to be included in your returns which can be easily accessed online .

An individual tax payer is just need to have an account on the income tax portal created with the help of unique pan card. After logging in, you just click on the services panel on the top of the page, where you will find the AIS detail link to follow.

The information contained in the AIS is basically related to the income ,expenditures and the investment incurred in the specific financial year. it consists of, salary, balance in accounts, cash deposits, cash withdrawals, dividend earned, TDS or TCS deductions, Interests from saving bank etc.

Taking reference of this said document , its easy for every taxpayer to cross check the details which is to be disclosed in ITR. This is just a record keeping book which works as a helping hand as professional does for their clients.

So, Start using these services and file returns before the due date as possible.

Thanks

saket kumar singh

www.lakshyawealth.com

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