AIS/SFT in Income-Tax
This query is : Resolved
08 June 2023
Request Experts to clarify the following doubts about AIS/SFT. Thanks.
1. Is the AIS/SFT information updated from time to time? If Yes, how does an assessee come know when the update has been completed?
2. When AIS shows dividend information including TDS thereon, why is that the same TDS figures are not reflected in the TDS/TI/TTI schedules as a part of the pre-filled information? This means asssessees have to manually fill in the TDS details, thereby defeating the purpose of ease of filing the ITR.
3. 26AS TDS figures are said to be those that the I-T Dept. accepts as 'final'. However, in many cases, several TDS items in 26AS are not reflected in AIS and/or in the TDS schedule of the ITR. To which Section of I-T Dept should these omissions be brought to the notice of the Dept. in the form of a Grievance?
3.
1. Is the AIS/SFT information updated from time to time? If Yes, how does an assessee come know when the update has been completed?
2. When AIS shows dividend information including TDS thereon, why is that the same TDS figures are not reflected in the TDS/TI/TTI schedules as a part of the pre-filled information? This means asssessees have to manually fill in the TDS details, thereby defeating the purpose of ease of filing the ITR.
3. 26AS TDS figures are said to be those that the I-T Dept. accepts as 'final'. However, in many cases, several TDS items in 26AS are not reflected in AIS and/or in the TDS schedule of the ITR. To which Section of I-T Dept should these omissions be brought to the notice of the Dept. in the form of a Grievance?
3.
08 June 2023
1. Yes, continuous process..
2. Time lag between the AIS reporting and CPC updation.
3. Time lag between TRACEs and AIS compilation. Generally it takes about 10 to 15 days.
The present time is unsettled compilation, let the records synchronize before filing any grievance.
2. Time lag between the AIS reporting and CPC updation.
3. Time lag between TRACEs and AIS compilation. Generally it takes about 10 to 15 days.
The present time is unsettled compilation, let the records synchronize before filing any grievance.
09 June 2023
Thank you very much, Dhirajlalji.
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09 June 2023
You are welcome.
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