03 Jan

Have you filed your income tax return of AY 21 22 before 01 11 2021

Have you filed your income tax return of AY 21-22 before 01/11/2021?

If you have filed your income tax return before 01 November 2021, you should take care of the following points

The Income Tax Department, on November 1, 2021, launched a new statement for taxpayers called the Annual Information Statement (AIS). As per chartered accountants, the new AIS will provide the taxpayer with details of most digital financial transactions carried out by him/her during a financial year (FY)

1) Login income tax and see if you have been served notice

2) Check if the information in your income tax return and AIS should be a match.

3) If notice is served, reply immediately

4) If you see higher income in AIS, file a revised return accordingly

5) If you have to pay tax while filing a revised return, also pay interest

6) If you do not have time or do not understand some information, contact the Tax Consultant and get the job done.

 

Regards

Alliance Tax Experts

9769201316

 

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