Economic TimesLean R·
GST, overseas investments now in AIS
New Delhi: The Income Tax Department is broadening the scope of financial information required for taxpayers' annual information statements (AIS), bringing goods and services tax (GST) returns, foreign remittances for investment in mutual funds outside banking channels, and off-market securities transactions under the data net.The department is also allowing relevant information from another taxpayer's income tax return besides ongoing and completed tax proceedings to get reflected in the AIS.A…
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