Filing Income Tax Return? How To Check And Submit Correct Income Details, Read

Any discrepancy in the information submitted in the tax return and details of AIS and TIS may invite a notice from the Income Tax Department.

The deadline for filing income tax returns (ITR) is tomorrow. Salaried individuals whose accounts are not required to be audited must file their ITR by tomorrow, July 31 to avoid any penalty or late fee.

Along with attaching the required documents, taxpayers must also ensure to submit the correct information as per their details in the Annual Infomation Statement (AIS) and Taxpayer Information Summary (TIS).

Any discrepancy in the information submitted in the tax return and details of AIS and TIS may invite a notice from the Income Tax Department.  

Launched in 2021, AIS is a comprehensive statement containing all the details of an individual financial transaction in the past year.