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24-03-2023

Income Tax Department Launches AIS Mobile App

The Income Tax Department has recently introduced a new AIS mobile app, “AIS for Taxpayer,” to provide taxpayers with easy access to their tax-related information. The app allows taxpayers to view their Annual Information Statement (AIS) or Taxpayer Information Summary (TIS) and has become an integral part of the income taxpayer’s ITR filing process. Here’s everything you need to know about the AIS app and its benefits for taxpayers.

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What is Annual Information Statement (AIS)?

The AIS is a comprehensive overview of taxpayers’ information as displayed in Form 26AS. It includes details related to TDS, Statement of Financial Transactions (SFT), and other information, displaying both reported and modified values. Taxpayers can provide feedback on the information displayed through the AIS.

Objectives of AIS

The AIS has several objectives, including providing taxpayers with complete information, promoting voluntary compliance, and enabling easy prefilling of tax returns. It acts as an interface between the taxpayer and the Central Board of Direct Taxes (CBDT), making tax compliance easier for individual taxpayers.

Benefits of AIS

The AIS aims to make tax compliance easier for individual taxpayers. With the AIS, taxpayers can track their tax-related information throughout the year, reducing unnecessary notices from the tax department based on incorrect or duplicate information uploaded in the AIS.

Using AIS App

The AIS app is free of cost and available on Google Play and the App Store. To use the app, taxpayers need to register by providing their PAN number, authenticate with the OTP sent to their registered mobile number and email on the e-filing portal, and set a 4-digit PIN to access the app.

How to use the AIS App

To begin using the app, taxpayers must enter their PAN and date of birth. An OTP is then sent to their registered mobile number and email address to generate an MPIN. Taxpayers can use the app to view information related to TDS, interest, dividends, share transactions, tax payments, income tax refunds, GST data, and foreign remittances available in the AIS/TIS. They can also provide feedback on the information uploaded in the AIS.

Benefits of the AIS App

The AIS app provides convenience for taxpayers to review the AIS periodically without logging in through their laptops or computers. Taxpayers can apply for corrections in the AIS and reduce unnecessary notices from the tax department based on incorrect or duplicate information uploaded in the AIS.

For Android users, the app can be downloaded from here

Conclusion

The launch of the AIS app by the Income Tax Department is a significant step towards promoting voluntary compliance and making tax compliance easier for individual taxpayers. The app provides taxpayers with easy access to their tax-related information, enabling them to review and correct any errors promptly. Overall, the AIS app is a valuable tool for taxpayers, and its launch is a welcome development in India’s tax administration system. Download the AIS app today and stay on top of your tax-related information throughout the year.

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