After Identifying Data Inconsistencies in Market Securities Report, Income Tax Department to Update AIS
As per recent tweet from Income Tax Department, it’s updated that, Based on feedback from taxpayers on the e-campaign for Advance Tax, the Department has identified certain inconsistencies in the data of the securities market (SFT-17) provided by one of the Reporting Entities. The reporting entity has been asked to submit a revised statement based on updated information.
Hence, the data on AIS will be updated. Taxpayers are advised to wait for further updates on AIS based on the revised statement.