Get Details with the Income Tax Department of India's AIS Annual Information Statement Mobile App for Taxpayers

The Indian Income Tax Department has released the AIS Mobile App for Indian Taxpayers. Annual Information Report Login for Mobile App Join now Process for Taxpayers: Be Aware of the Particulars. Form 26AS's Annual Information Statement (AIS) provides a thorough overview of the data for a taxpayer. The taxpayer can comment on the data shown by the AIS. Under each part (such as TDS, SFT, and Other information), AIS displays both the reported value and the modified value (i.e., value after taking taxpayer feedback into account).

AIS, or Annual Information Statement

Form 26AS's Annual Information Statement (AIS) provides a thorough overview of the data for a taxpayer. The taxpayer can comment on the data shown by the AIS. Under each part (such as TDS, SFT, and Other information), AIS displays both the reported value and the modified value (i.e., value after taking taxpayer feedback into account).

Income Tax Department of India's AIS https://www.paatashaala.in/2023/05/Get-Details-with-the-Income-Tax-Department-of-Indias-AIS-Statement.html

The following are the key characteristics of AIS:

1. Inclusion of new information (interest, dividends, transactions involving securities or mutual funds, overseas remittance data, etc.).

2. Using data analytics to add PAN to non-PAN data so that it may be included in AIS.

3. Information deduplication and creation of a streamlined

4. Taxpayer Information Summary (TIS) for simpler return filing (pre-filling will be made available gradually).

5. Taxpayers will be able to provide input online on the data shown in AIS and download data in the PDF, JSON, and CSV file formats.

6. Taxpayers will be able to watch AIS and input feedback in an offline way thanks to AIS Utility.

7. Taxpayers can see AIS and provide input using the AIS Mobile Application on their mobile devices.

Key elements/features accessible from the AIS homepage:

1. General information: On the mobile home screen, the user can display their personal information (Name and PAN).

2. Annual Information Statement (AIS) Tile: This tile allows users to read the Taxpayer Information Summary (TIS) and AIS.

3. Left Menu: The left menu allows users to browse fast access choices (Help Menu, User Manual, Contact Us, Share App). (See Left Menu on AIS Mobile App)

4. Activity History Tab: This tab allows users to view a list of the actions that the taxpayer has carried out. Refer to the Activity History

5. Chatbot: Using the commonly asked questions as a guide, users may pose inquiries on the chatbot and receive immediate responses. (Chatbot Refer)

How to Register on the AIS Mobile App:

After downloading and installing the AIS mobile application on the device, the user may register on the app by following the instructions below. In order to use the e-filing portal, a user must be registered.

Step 1:A user can browse through the onboarding screens by hitting "Next" or skip them by tapping "Skip" when the app is initially opened.

Step 2: Click "Get Started" on the last onboarding screen to continue.

Step 3: To begin the verification process, enter your PAN and your date of birth, incorporation, or formation. To start the verification process, tick the box next to the terms and conditions.

Step 4: Enter your primary email address and cellphone number (the same as on the e-filing site).

Step 5: A pop-up window will appear. To access the following screen, click "Confirm".

Step 6: After successfully inputting both OTPs, the MPIN setup screen will show up. Click "Next" after entering your preferred 4-digit MPIN.

Step 8: After entering the MPIN again, click the "Confirm" button to validate the MPIN configuration.

Step 9: After the MPIN configuration is finished, the user will be successfully registered and may login using the chosen MPIN.

Taxpayer Information Summary (TIS):

A taxpayer's TIS is a summary of their aggregated tax-related information organized by category. Under each information category, such as salaries, interest, dividends, etc., it displays processed value (i.e., value created after deduplication of information based on pre-defined criteria) and derived value (i.e., value obtained after taking taxpayer feedback and processed value into account). The prefilling of Return will be done using the derived information in TIS.

Chatbot:

A chatbot is a piece of artificial intelligence (AI) software that can mimic a natural language discussion (or chat) with a user. The user may submit a question to the chatbot, and it will immediately respond or resolve the issue using machine learning and commonly asked queries. To provide consumers with prompt assistance, the same is provided on the AIS Homepage (Compliance Portal) and AIS Mobile App. Accordingly, users may explore through the chatbot's question categories or post their issue on the chatbot that is available on the AIS homepage or mobile app to receive an immediate response or resolution.

Using a chatbot:

Through the aforementioned procedures, you may access the chatbot at the following locations:

Step 1: Enter your self-selected MPIN that you established during registration to log in to the AIS mobile app.

Step 2: The user may select the chatbot symbol in the bottom right corner of the screen by clicking on it.

Step 3: After the chatbot window has opened, either browse the categories listed or enter your question in the "Ask Me" box.

Annual Information Statement (AIS)	AIS is comprehensive view of information for a taxpayer displayed in Form 26AS. It shows both reported value and modified value (i.e. value after considering taxpayer feedback) under each section (i.e. TDS, SFT, Other information)
Reported Value	Information value reported by the information source against a PAN is referred to as "reported value."
Modified Value	Value that has been altered by the taxpayer through the submission of feedback is referred to as Modified Value. The Annual Information Statement (AIS) will display the reported value and the value after feedback in separate columns.
Taxpayer Information Summary (TIS)	TIS is a taxpayer's aggregated information summary broken down by information type. Under each information category, such as salaries, interest, dividends, etc., it displays processed value (i.e., value created after deduplication of information based on pre-defined criteria) and derived value (i.e., value obtained after taking taxpayer feedback and processed value into consideration). The prefilling of Return will be done using the derived information in TIS.
Processed Value	Processed value is the value that results from information deduplication using pre-established criteria. The Taxpayer Information Summary (TIS) is the sole place where the Processed Value appears.
Information Category	Derived value is the value that appears in the Taxpayer Information Summary (TIS) and is obtained after taking into account processed value and, if applicable, any taxpayer feedback. The information generated will be used to prefill the Return.
Derived Value	Information sources are combined into a wide information category (see Annexure A) that allows for the pre-filling of ITRs by providing a condensed overview of related information.
L1 Level Information	The Annual Information Statement (AIS) displays information at several levels, with L1 Level Information being the lowest. The unique Transaction sequence number (TSN) is used to display each piece of information. The L1 level is always used to record customer feedback. If a taxpayer offers bulk input, it is recorded at the TSN level. Both reported value and derived value (i.e., value determined after taking into account the taxpayer response) are displayed at the L1 Level.
L2 Level Information	The source-specific aggregated number included in the Annual Information Statement (AIS) and the Taxpayer Information Summary (TIS) is known as L2 Level Information. Duplicate information is noted at L2 during processing.