2 days ago
Tax Audit Deadline: Reconcile AIS, TDS, GST and ITR Figures
Taxpayers may see different numbers in their books, GST returns and tax statements.
This does not always mean that something is wrong.
Differences can happen because information is reported at different times or entered more than once.
AIS and TIS may list transactions that are not actually taxable income.
People should compare these entries with bank statements, certificates and other records.
TDS and TCS credits should also be checked against Form 26AS.
If another party reported something incorrectly, the taxpayer should ask that party to correct it.
Taxpayers can also submit feedback through the AIS portal when needed.
All important figures should be checked before the September 30 tax-audit deadline.
Taxpayers should reconcile books, GST returns, AIS, TIS, Form 26AS and the tax audit report before September 30.
Differences may result from timing variations, duplicate or incorrect reporting, or different accounting treatments.
AIS and TIS entries may include transactions that are not automatically taxable income.
TDS and TCS mismatches can result from incorrect PAN details, deductor errors, or delayed filings and may affect tax credits.
Taxpayers should verify income, deductions, losses, disallowances and other adjustments across the tax audit report and ITR.
- Who
- Taxpayers subject to tax audit, including those reconciling income, deductions and tax credits.
- What
- They must reconcile figures across their books, GST returns, AIS, TIS, Form 26AS, tax certificates, tax audit report and ITR.
- Where
- In the taxpayers’ books and records, GST filings, AIS portal, Form 26AS and income-tax filings.
- When
- Before the September 30 tax-audit deadline.
- Why
- To explain mismatches, support reported figures and reduce the risk of denied tax credits or additional tax demands.
Key facts
- Tax-audit deadline
- September 30
- Records to reconcile
- Books of account, GST returns, AIS, TIS, Form 26AS, tax certificates, tax audit report and ITR
- Possible mismatch causes
- Timing variations, duplicate reporting, incorrect reporting and differences in accounting treatment
- AIS/TIS information
- May include interest, dividends, securities transactions and professional or business receipts
- TDS/TCS mismatch risks
- Incorrect PAN reporting, deductor or collector errors, and non-filing or delayed filing can affect tax credits
- Correction options
- Taxpayers can submit feedback through the AIS portal and seek corrections from the reporting entity
- Other audit checks
- Review deductions, tax adjustments, brought-forward losses, unabsorbed depreciation and tax disallowances
Quotes
Sumeet Hemkar
Partner at Deloitte India who advises taxpayers on reconciliation and tax reporting
“Taxpayers should not rely solely on AIS or TIS. The information reflected in these statements should be verified against the books of account, source documents, bank statements, tax certificates and other relevant records.”
livemint.com
Sources
Related news
Tax Audit and ITR Deadlines Form Two-Stage Compliance Process
Annual Information Statement Helps Taxpayers Check and Correct Records
Why a ₹10,000 Income Mismatch Can Trigger Tax Notices
Tax Audit Deadline Extended; Experts Advise Filing Before October 21
Why Verified Income-Tax Refunds Can Still Be Delayed
Missed Crypto Income Could Trigger Tax Notices in 2026
AI Agents Are Reshaping Jobs, Not Simply Replacing Workers
Tamil Nadu College Launches State’s First Agentic AI Campus
Businesses Bet Big on Agentic AI Despite ROI Uncertainty
AI’s Next Frontier Is Making Conversation Infrastructure Reliable
