Key Points
Annual Information Statement (AIS) contains pre-filled information shared by various financial entities such as banks, mutual funds, stockbrokers etc. and your employer (salary income details) and tax deducted during the year if any to the income tax department..
The Annual Information Statement (AIS) is a comprehensive statement containing details of financial transactions done by you, irrespective of whether tax has been deducted or not..
The information in one's AIS is pre-filled with details (as mandated by law) shared by financial entities like banks, mutual fund houses, your employer regarding the TDS that has been cut from your salary and various sources of income such as dividend, interest (even if tax is not deducted) during a financial year...
In case there is an error and you have not given feedback requesting a correction, then it may be assumed that the information reflected in AIS is correct and the income tax department may ask you to explain the mismatch between the income tax return filed by you and the information in the AIS...
On your screen, two options will be visible to you - Taxpayer Information Summary (TIS) and Annual Information Statement (AIS)..
You might be interested in
IT department launches mobile App for taxpayers to view and correct AIS
22, Mar, 23Taxpayers can use the app to view their information related to Tax deducted at Source (TDS), interest, dividends, share transactions, tax payments, Income Tax refunds and other Information, including GST Data and foreign Remittances as available in AIS.
Form 26AS or AIS: Which is more important document to file ITR?
12, Jul, 23The first step in the income tax return filing process is to gather all the required documents. This include - Form 16, Salary slips, Form 26AS, AIS etc. It is important to note that AIS is the extension of Form 16As. The question arises between Form 26AS and AIS which is more important for ITR filing?
How you should use AIS to file tax returns
30, Jul, 23Form 26AS is an annual tax statement which primarily provides details of TDS, and tax collected at source (TCS), along with the corresponding income against which such deduction has been done.