Every section of the Annual Information Statement decoded — SFT codes, source vs reported vs modified values, feedback workflow, JSON download, and the line-items most Indian taxpayers miss.
The Annual Information Statement (AIS) is the single most powerful — and most misunderstood — document in Indian personal taxation. Every salaried filer, every freelancer, every business owner has one, and CPC now matches every ITR against it line-by-line. This guide walks through every section of the AIS, every SFT code that may appear, the difference between 'reported value' and 'modified value', how to file feedback, and exactly what to do when you spot an entry that isn't yours.
Before November 2021, Form 26AS was the only consolidated tax-credit document. It captured TDS/TCS and a handful of high-value SFTs. AIS extends 26AS into a full financial-profile statement — pulling data from every reporting entity under Section 285BA and the e-Verification Scheme, 2021. It is the engine behind CPC's automatic mismatch detection.
| Part | Contents |
|---|---|
| Part A — General | PAN, masked Aadhaar, name, DOB, mobile, email, address. |
| Part B — Financial | All income, expense, transaction and asset-movement information for the FY across 50+ categories. |
| SFT Code | Description |
|---|---|
| SFT-001 | Cash payment for purchase of bank drafts / pay orders / banker's cheque ≥ ₹10L. |
| SFT-003 | Cash deposit / withdrawal ≥ ₹50L (current), ₹10L (savings). |
| SFT-004 | Cash deposit ≥ ₹10L in savings during FY. |
| SFT-005 | Time deposit (FD) opening ≥ ₹10L. |
| SFT-006 | Credit card payment ≥ ₹1L cash / ₹10L any mode. |
| SFT-007 | Bond / debenture purchase ≥ ₹10L. |
| SFT-008 | Share purchase (company issue) ≥ ₹10L. |
| SFT-009 | Share buy-back ≥ ₹10L. |
| SFT-010 | Mutual fund purchase ≥ ₹10L. |
| SFT-011 | Foreign currency purchase / sale ≥ ₹10L. |
| SFT-012 | Immovable property transaction ≥ ₹30L (now ≥ ₹50L in some cities). |
| SFT-013 | Cash receipt > ₹2L for sale of goods/services. |
| SFT-014 | Cash deposits in current accounts ≥ ₹50L. |
| SFT-015 | Receipt from sale of foreign currency. |
| SFT-016 | Interest income reported by banks (no TDS threshold). |
| SFT-017 | Dividend reported by companies / AMCs. |
| SFT-018 | Property sale by sub-registrar. |
Shows the same TDS/TCS that appears in 26AS, but with deductor name, TAN, section code (192, 194A, 194-I, 195 etc.), gross amount and TDS amount. If a TDS row is missing in AIS but present in 26AS — wait 7 days for sync; if still missing, raise a grievance ticket.
Captures gross salary from EVERY employer in the year. Cross-check with each Form 16 — Part B. Any mismatch should be investigated before filing (most often: incentive paid in April, ESOP perk added late, leave-encashment on exit).
Even sub-₹40,000 FD interest (no TDS) appears in AIS via SFT-016 — declare it in your ITR.
Every dividend paid by every listed company and AMC since 1 April. Since FY 2020-21 dividends are fully taxable in the recipient's hand at slab rates. Cross-check broker statements; if a dividend in AIS isn't in your broker statement, check whether you held the share on the record date.
AIS does NOT compute capital gains. You must compute the gain using cost of acquisition (with grandfathering for pre-31-Jan-2018 equity) and report under Schedule CG.
Sub-registrar reports every property purchase / sale with stamp-duty value. Under Section 50C, the higher of stamp-duty value vs actual sale consideration is the deemed sale price for capital gains. Always reconcile and obtain a valuation report if the stamp-duty value is inflated.
| Column | Meaning |
|---|---|
| Source value | Amount originally reported by the reporting entity (bank, AMC, employer). |
| Reported value | After dedup and rule-based corrections by CPC. |
| Modified value | After YOUR feedback — this is what TIS uses for ITR pre-fill. |
JSON download enables programmatic reconciliation. Open in Excel via Power Query or in Python (pd.read_json). Group by category and validate against ITR sub-totals.
TIS is the SUMMARY of AIS aggregated per category. It is what CPC pre-fills into your ITR. Any AIS feedback you submit reflects in TIS within minutes. Always download the LATEST TIS just before pressing Submit on your ITR.
Technically no, but practically yes — CPC matches every ITR against AIS; skipping it is a near-guaranteed 143(1)(a) trigger.
Yes, but a discrepancy notice may already have been issued. Best practice — feedback first, file second.
Modified Value updates instantly; TIS regenerates within minutes; the e-filing pre-fill updates within 24 hours.
Use 'Information is denied' with remarks; track the reporting entity via the source name and request correction directly.
26AS covers tax credits and a few SFTs; AIS covers ALL financial information from 50+ categories.
It shows foreign remittances made by you via LRS with TCS and some foreign-asset SFTs. Foreign income from foreign assets must still be self-declared.
Yes — banks report all interest paid in SFT-016, regardless of TDS threshold.
No — you can only submit feedback; the original 'source value' is permanent.
Cash gifts above ₹50,000 may be reported via SFT; non-monetary gifts are not captured.
VDA (virtual digital asset) transactions are reported by exchanges from FY 2022-23 onwards under SFT-013/14 expansion. Always cross-check against your exchange statement.
AIS is available from AY 2021-22 onwards.
No — it is processed and a 143(1)(a) proposed-adjustment notice is issued. You can accept or disagree with reasons within 30 days.
Reconcile with AIS for income, 26AS for tax credits. The latter is the legal source for claiming TDS.
No attachments needed — ITR is filed online; retain PDFs in your records for 7+ years.
CPC processes the proposed adjustment as final; refund (if any) is recomputed. You can still file a rectification u/s 154 within 4 years.
Treat AIS as the IT Department's audit script. Read it line-by-line, submit feedback where required, generate a fresh TIS, and only then file your ITR. The 30 minutes you spend here are the cheapest insurance against a CPC notice — and Taxpex CAs will do the entire reconciliation for you if you'd rather not.
Senior contributor at Taxpex Consultancy. Reviewed by a practising Chartered Accountant. Published on 11 June 2026 · Updated on 11 June 2026.
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