Ahead of the income tax return filing deadline, it may help to check your Annual Information Statement (AIS) on the tax portal and flag any irregularities in it. The government is promising to help in rectifying the problem that may have crept in due to misreporting or because the system may not have been able to fully capture the details. The Annual Information Statement (AIS), which was introduced last year, has details of the tax deducted at source, information on property transactions, dividends, fixed deposits, mutual funds and shares and other securities, which are collated from multiple sources based on your PAN. The idea is to help taxpayers with the in formation that is available with the government and enable them to file accurate returns as some of the details may have been missed by them.
