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Key things to know about Annual Information Statement before filing your tax returns
Published 4 years, 3 months ago
Description
The tax filing rush has started with the deadline for filing returns approaching. In order to ensure accuracy, the taxpayer has to have a clear idea of all the transactions . To solve this problem Income Tax department has launched Annual Information statement in November 2021 which has a comprehensive detail of the transactions and tax details.
Why is it important for taxpayer and what all types of transactions it tracks ? Tune in to the podcast to understand the benefits and utility of Annual Information Statement.