2 days ago
Annual Information Statement Helps Taxpayers Check and Correct Records
The Annual Information Statement is a record of financial and tax information linked to a taxpayer’s PAN.
It gathers details from several sources into one place.
People can use it to check their information before filing an income tax return.
They can view it on the income tax e-filing portal or in the AIS for Taxpayer app.
Some information may appear later because different sources send data at different times.
If a transaction is wrong, repeated, or belongs to someone else, the taxpayer can report it online.
The taxpayer can also say that certain income is not taxable.
After feedback is sent, the corrected summary may be used to help fill in the tax return.
The Annual Information Statement consolidates financial and tax information reported against a taxpayer’s PAN for a financial year.
It includes TDS and TCS, specified financial transactions, tax payments, demands, refunds, proceedings, GST returns, and selected investment information.
Taxpayers can access the statement through the income tax e-filing portal or the AIS for Taxpayer mobile app.
Information may be added or updated later, with some categories uploadable within three months after the month of receipt.
Taxpayers can submit transaction-level or bulk feedback, after which revised information in the Taxpayer Information Summary may pre-fill income tax returns.
- Who
- Taxpayers and the Income Tax Department are involved.
- What
- The Annual Information Statement provides a consolidated view of financial and tax-related information and allows taxpayers to report errors.
- Where
- Taxpayers can access it through the income tax e-filing portal and the AIS for Taxpayer mobile app.
- When
- It applies to a selected financial year; some information may be uploaded within three months after the end of the month in which it is received.
- Why
- It helps taxpayers cross-check information before filing returns and correct inaccurate, duplicate, or misattributed entries.
Key facts
- Access
- Income tax e-filing portal and AIS for Taxpayer mobile app
- Main sections
- Part A contains basic taxpayer details; Part B contains financial and tax-related information.
- Covered information
- TDS, TCS, specified financial transactions, tax payments, demands, refunds, proceedings, GST returns, and selected investment data
- Download formats
- Transaction-level data can be downloaded in Excel; the complete statement is available in PDF or JSON.
- PDF password
- The downloaded PDF requires the taxpayer’s PAN in lowercase and date of birth.
- Error correction
- Feedback can classify information as correct, not fully correct, related to another PAN or year, duplicated, or denied.
- Effect of feedback
- The Taxpayer Information Summary shows original and revised values, and revised information may be used for return pre-filling.
Sources
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