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In November 2021, the Income Tax (I-T) Department rolled out the new Annual Information Statement (AIS) on the Compliance Portal. The new AIS provides a comprehensive view of information to a taxpayer on their financial transactions with a facility to capture online feedback.
If the taxpayer feels that the information is incorrect, a facility has been provided to submit online feedback which can also be furnished by submitting multiple information in bulk. The purpose of the new AIS is to make it easier and faster for taxpayers to file their income tax returns. A taxpayer will be able to download AIS information in PDF, JSON, and CSV formats.
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