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Definition | : | Annual Information Statement |
Category | : | Governmental » Rules & Regulations |
Country/ Region |
: | India
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Popularity | : |
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Type | : |
Initialism
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Annual Information Statement (AIS) is a comprehensive view of information for a taxpayer displayed in Form 26AS.
AIS contains all the data regarding taxpayers’ incomes, and tax details. In addition to information relating to Tax Deducted at Source (TDS), Tax Collected at Source (TCS) & taxes paid, the AIS includes information relating to interest, dividends, transactions of securities/immovable properties, mutual fund transactions, foreign remittances, and so on.
Note:
Form 26AS is a consolidated annual tax statement that shows details of taxes deducted and deposited during the financial year.
Taxpayer Information Summary (TIS) is a summary and AIS is the detailed statement.
The full form of AIS is Annual Information Statement
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