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New Annual Information Statement: Does it make life simple or complex for taxpayers?
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financialexpress.comThe Income Tax Department recently rolled out the new Annual Information Statement (AIS) on the Compliance Portal. It is basically a tool providing a comprehensive view of all financial transactions by a taxpayer in a financial year. The new AIS also has a facility to capture online feedback.
The new AIS includes taxpayer’s information on interest income from savings account, recurring and fixed deposits, income from dividend, securities transactions including mutual funds, and remittances from
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