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This video discusses the importance of the Annual Information Statement (AIS) introduced by the income tax department. AIS is an extended version of Form 26AS and contains all financial transactions from the previous year. It includes all transactions, not limited to specific items, and is evolving over time. Claiming bogus HRA will no longer be possible. Renting a property for over 8000 rupees allows for HRA tax exemption. Subscribe to the channel for more information and updates.
