A summary guide on AIS (Annual Information Statement). Must read before filing any ITR

Annual Information Statement (AIS)

Q.1 What is AIS?

It’s a detailed statement containing your financial details / transactions.

Q.2 Is it same as 26AS?

No, it’s not same. 26AS is a summary of some of the financial details / transactions.

But AIS is a complete set of information regarding financial details / transactions.

In simple words, 26AS is an X-Ray report but AIS is a MRI report.

An example would be – Details of Saving Bank Interest will not be there in 26AS but it will be there in AIS.

So, a father (AIS) borne after a son (26AS).

Q.3 So, 26AS is scrapped now?

No, you can still view 26AS and its details.

Q.4 What’s the use of AIS or Why AIS is important?

Due Care should be taken that the information / details mentioned in your Income Tax Return should match with the AIS.

If there is any mismatch in the data of ITR filed with the data of AIS then there are high chances that you may receive income tax notice.

Like we were checking the information with 26AS. Now, it should also be checked with AIS.

Q.5 How to view AIS?

  • Login to income tax.
  • Go to Services tab.
  • Last option will be ‘Annual Information Statement’ (AIS).
  • Click on that. You will be directed to a separate page.
  • There will be three tabs in that:
  • Instructions:

You may read instructions.

  • AIS: There will be two options –

Tax Information Summary (TIS) and second will be Annual Information Statement (AIS)

  • History:

It will show when you have logged in and downloaded TIS and AIS.

Q.6 What is TIS now?

TIS and AIS are same only with only one difference.

AIS will contain the detailed statement of the transactions while TIS will show only summary of transactions shown in AIS.

So, if you are checking AIS then you can ignore TIS.

Q.7 Download format:

TIS – Only PDF version.

AIS – PDF and json.

Q.8 Is the file password protected?

Yes, password will be – PAN (In block letters) + DOB / DOI (ddmmyyyy)

Q.9 Can any changes be done in TIS / AIS if there is some wrong information?

AIS can be changed. There is an option to submit feedback for correction of information on AIS. With that, the request for change can be submitted.

TIS cannot be changed. Simple reason – when AIS will be changed, TIS will be changed automatically.

Q.10 What if there is error in AIS but we opt not to submit feedback?

Change / Feedback is always an optional activity.

However, if figures shown in ITR is less than reflected in AIS then again there are chances that you will get the notice.

Q.11 What about the income tax return which are already filed?

Whether 26AS / AIS / TIS are there or not, a taxpayer is responsible to submit complete details at the time of filing ITR.

So, if a particular transaction is there in AIS but it is not shown in ITR then again there will be chances of receiving notice from the department.

This document is only for educational purpose and author is not responsible for any actions taken based on this.

Author Bio

Name: Pinkesh
Qualification: CA in Practice
Company: P Chhajed And Co LLP
Location: Ahmedabad, Gujarat, India
Member Since: 07 May 2019 | Total Posts: 4
I have started my own practice immediately after completing the Chartered Accountancy course in the year 2011. Till 2017, it was the Proprietorship with the trade name as 'Pinkesh Chhajed And Co'. In the year 2017, it has been converted to P Chhajed And Co LLP. Since a decade we are prac View Full Profile

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