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of <h1>Annual Information Statement (AIS) under Section 285BB: Your Financial Summary for Tax Year, Including Prepaid Taxes and Transactions.</h1> The Annual Information Statement (AIS) is a document mandated by Section 285BB of the Income-tax Act, requiring the Income-tax authority or an authorized individual to provide taxpayers with a comprehensive summary of their financial transactions for a specific financial year. This statement includes details on prepaid taxes and specified financial transactions conducted by the taxpayer, serving as an informational resource for tax-related activities.
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