Tax topic · compliance

    AIS — Annual Information Statement Explained

    AIS covers TDS/TCS, interest, dividend, mutual fund, share, foreign remittance, GST turnover, high-value transactions and other reportable income. TIS (Taxpayer Information Summary) is derived from AIS with computed values. Discrepancies must be flagged before ITR filing.

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    ServiceAIS (Annual Information Statement)
    Confidential
    5-min reply
    PAN India
    Key takeaways
    • Login to incometax.gov.in → AIS
    • Covers 45+ transaction categories
    • Submit feedback if incorrect: Information → Optional / Wrong / Duplicate
    • TIS aggregates AIS by head
    • Any AIS entry not disclosed in ITR triggers 143(1)(a) intimation

    Definition

    AIS (Annual Information Statement)

    AIS is a comprehensive statement of taxpayer's financial transactions reported by banks, brokers, mutual funds, employers and other reporting entities — accessible on the Income Tax portal.

    What is AIS (Annual Information Statement)?

    AIS covers TDS/TCS, interest, dividend, mutual fund, share, foreign remittance, GST turnover, high-value transactions and other reportable income. TIS (Taxpayer Information Summary) is derived from AIS with computed values. Discrepancies must be flagged before ITR filing.

    Key rules to remember

    • Login to incometax.gov.in → AIS
    • Covers 45+ transaction categories
    • Submit feedback if incorrect: Information → Optional / Wrong / Duplicate
    • TIS aggregates AIS by head
    • Any AIS entry not disclosed in ITR triggers 143(1)(a) intimation

    Worked example

    AIS shows ₹42k dividend from an equity investment forgotten in ITR: 143(1)(a) intimation adds ₹42k + tax + interest. Reconciliation before filing avoids this entirely.

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    Frequently asked questions

    FAQs

    Frequently asked questions

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    Last Updated
    15 September 2026

    Content refreshed against the latest CBIC / CBDT / MCA notifications and portal changes.

    Reviewed by Chartered Accountant
    CA Ravi Sharma

    Chartered Accountant · ICAI Member · 12+ years in Indian tax & compliance

    Update History
    1. 15 September 2026
      Reviewed rates, forms and portal workflow for AIS (Annual Information Statement). Verified against latest CBIC/CBDT notifications.
    2. 10 January 2026
      Refreshed FAQ set, added new penalty examples and jurisdiction notes.
    3. 05 October 2025
      Structural rewrite for EEAT — added expert commentary, playbooks and process timeline.