If you ignore this you may receive notice from income tax later

Taxpayers before filing ITR check your AIS & TIS. If there is any discrepancies or entries not known, reply first before filing your ITR

Even if you don’t have any TDS or High Value Transactions you should compulsory check for false entries and any misuse of your PAN by someone from AIS/TIS

Here’s how the process works:

Submit Feedback: Taxpayers can review their transactions and provide feedback if they notice any discrepancies.

Source Verification: Upon receiving feedback, the IT Department will reach out to the source of the information for verification and additional details.

Correction of Errors: If the IT Department confirms that there was a mistake in the AIS, they will correct the information accordingly.

Track Status: Taxpayers can monitor the status of their feedback throughout the confirmation process. The status updates will indicate whether the feedback has been partially accepted, fully accepted, or rejected.

So before filing your ITRs do check AIS and TIS!

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Income Tax Department Grapples with 9.7 Million ITR Backlog, Taxpayers Await Refunds

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