Is it compulsory to give feedback (accepting or rejecting if transactions) of AIS for all assessees? From which year (last year it was not)? What are the consequences if no feedback is given? Please give reference.
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Quick Summary
This discussion clarifies whether providing feedback on the Annual Information Statement (AIS) is mandatory for all assessees. The consensus is that it is not compulsory to accept or reject transactions listed in the AIS. While the AIS remains available regardless of feedback, understanding the implications of not responding is important.