The government introduced the Annual Information Statement (AIS) in Budget 2021 to make it easier for individual taxpayers to check their financial information. However, there are areas to expand the AIS in Budget 2024, such as reporting rental income, interest on income tax refund among others. Expanding the AIS will enhance its utility for individuals and tax authorities.
from Personal Finance News-Wealth-Economic Times https://ift.tt/rzCF2yw
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