Objection to AIS transactions triggers a confirmation process with reporting entities, leading to correction or evidence request. Objection to an AIS entry prompts the Income Tax Department to contact the Source/Reporting Entity via an automated IT-driven process to verify reported ... Summary
Objection to AIS transactions triggers a confirmation process with reporting entities, leading to correction or evidence request.
Objection to an AIS entry prompts the Income Tax Department to contact the Source/Reporting Entity via an automated IT-driven process to verify reported data; where the Source/Reporting Entity admits error the data is corrected after filing a revised statement, and where it stands by the data the objector is required to furnish further explanation and evidence under the e-Verification Scheme.
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