How to check AIS & provide feedback while filing Incometax(IT) Returns

Hello Everyone! Welcome back. You must have heard that the income tax has launced mobile app AIS for taxpayer. 

Annual Information Statement (AIS) is a comprehensive view of information for a taxpayer displayed in Form 26AS. Taxpayers can provide feedback on information displayed in AIS. 

AIS shows both reported value and modified value (i.e. value after considering taxpayer feedback) under each section (i.e. TDS, SFT, Other information). 


The objectives of AIS are:

1) Display complete information to the taxpayer with a facility to capture online feedback
2) Promote voluntary compliance and enable seamless prefilling of return
3) Deter non-compliance

What is the Difference between AIS and Form 26AS?

AIS is the extension of Form 26AS. Form 26AS displays details of property purchases, high-value investments, and TDS/TCS transactions carried out during the financial year. AIS additionally includes savings account interest, dividend, rent received, purchase and sale transactions of securities/immovable properties, foreign remittances, interest on deposits, GST turnover etc. 
 
AIS also provides the taxpayer the option to give feedback on the transactions reported. Further, the aggregation of transactions on information source level is also reported in TIS.

Steps to view the Annual Information Statement?

You can access the Annual Information Statement functionality by following below mentioned steps: 

Step 1: Login to URL https://www.incometax.gov.in/
Step 2: Click on “Annual Information Statement (AIS)” under the “Services” tab from the e-filing portal after successful login on the e-filing portal.
Step 3: Click on the AIS tab, on the homepage.
Step 4: Select the relevant FY and click on AIS tile to view the Annual Information Statement.

What are the components of Annual Information Statement (AIS)?

The information shown on AIS is divided in two parts:

PART A- General Information  

Part-A displays general information pertaining to you, including PAN, Masked Aadhar Number, Name of the Taxpayer, Date of Birth/ Incorporation/ Formation, mobile number, e-mail address and address of Taxpayer.

PART- B
TDS/TCS Information: - Information related to tax deducted/collected at source is displayed here. The Information code of the TDS/TCS, Information description and Information value is shown.

SFT Information: - Under this head, information received from reporting entities under Statement of Financial transaction (SFT) is displayed. The SFT code, Information description and Information value is made available.

Payment of Taxes: - Information relating to payment of taxes under different heads, such as Advance Tax and Self-Assessment Tax, is shown. 

Demand and Refund: -You will be able to view the details of the demand raised and refund initiated (AY and amount) during a financial year. (Details related to Demand will be released soon)

Other Information: - Details of the information received from the other sources, such as data pertaining to Annexure II salary, Interest on refund, Outward Foreign Remittance/Purchase of Foreign Currency etc., is displayed here.

Process to submit feedback on the information

You can submit feedback on active information displayed under TDS/TCS Information, SFT Information or Other information by following below mentioned steps: 

Step 1: Click on “Optional” button mentioned in the Feedback column for relevant information. You will be directed to ‘Add Feedback’ screen.

Step 2: Choose the relevant feedback option and enter the feedback details (dependent on feedback option).

Step 3: Click “Submit” to submit the feedback

Taxpayer Information Summary (TIS) 

It contains under AIS
Taxpayer Information Summary (TIS) is an information category wise aggregated information summary for a taxpayer. It shows processed value (i.e. value generated after deduplication of information based on pre-defined rules) and derived value (i.e. value derived after considering the taxpayer feedback and processed value) under each information category (e.g. Salary, Interest, Dividend etc.). The derived information in TIS will be used for prefilling of return, if applicable.

You will be shown various details within the Taxpayer Information Summary such as,

Information Category
Processed Value
Derived Value

Further, within an Information Category following information is shown:

Part through which information received
Information Description
Information Source
Amount Description
Amount (Reported, Processed, Derived)

Steps to login AIS for taxpayer in Mobile App

1) Download the app from playstore
2) Fill the required details
3) OTP will be sent to your registered mobile and mail ID
4) Set your MPIN
5) Your app is ready for use.






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