Submitted By: Shweta Verma
Form No. 168 - Annual Information Statement (AIS)
AIS stands for Annual Information Statement. It is a statement available on the Income-tax Department’s website that shows the financial transactions linked to PAN of taxpayer for a particular financial year. These details are reported to the department by banks, employers, mutual fund companies, stock brokers, property registrars, and other institutions. In simple words, AIS is a yearly record of what different organizations have informed the tax department about the taxpayer’s income and major financial activities.
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