Annual Information Statement (AIS) — How to View, Verify and Use for ITR Filing

The Annual Information Statement (AIS) is a comprehensive document on the Income Tax portal that shows all financial transactions reported about you to the Income Tax Department — by banks, financial institutions, employers, registrars, mutual funds and others. Introduced in November 2021, the AIS replaced and expanded the older Form 26AS. Understanding your AIS is essential for accurate ITR filing and avoiding notices.

What AIS Contains

AIS has two parts:

• Part A — General Information: PAN, Aadhaar, name, date of birth, contact details
• Part B — Financial Transactions: Detailed information across 50+ categories including:
  • Salary paid (from Form 24Q by employer)
  • Dividend income (from companies and mutual funds)
  • Interest from banks, post office, bonds
  • Securities transactions — purchase and sale of shares/MF units (from brokers)
  • Mutual fund transactions
  • Foreign remittances
  • Property purchase/sale value (from registrar)
  • High-value transactions — SFT (Statement of Financial Transactions) from banks (FDs above ₹10 lakh, cash deposits above ₹10 lakh, credit card spend above ₹2 lakh, etc.)
  • GST turnover (from GSTN)

Taxpayer Information Summary (TIS)

TIS is a simplified summary derived from AIS — showing processed value, reported value and derived value for each category. The ITR prefill data is drawn from TIS. TIS shows the net figure the IT department expects you to declare.

How to Access AIS

• Login to incometax.gov.in → Services → Annual Information Statement (AIS)
• Download as PDF (password: PAN + DOB in DDMMYYYY format) or JSON

Submitting Feedback on AIS

If any information in AIS is incorrect — duplicate, not yours, or wrong amount — you can submit feedback directly in the AIS portal:

• Each transaction shows a "Feedback" button — options: Information is correct, Information is not fully correct, Information relates to other person/year, Information is duplicate, etc.
• The reporting entity (bank/employer) sees your feedback and can modify if needed
• After feedback, AIS shows "modified value" which may be different from "reported value"

Conclusion

The AIS is the IT department's comprehensive view of your finances — reviewing and reconciling it before filing your ITR prevents notices and mismatch demands. SPOTON includes AIS review as part of ITR preparation services for all clients across Kerala. Contact us for expert income tax return filing services.