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About Annual Information Statement Guide
The Annual Information Statement (AIS) is a comprehensive overview of taxpayer information displayed on Form 26AS. Taxpayers can provide feedback on the information displayed on the AIS. Under each section (i.e. TDS, SFT, Other information), AIS displays both the reported value and the updated value (i.e., the value after considering taxpayer feedback). The objectives of AIS are to:
Provide complete information to taxpayers, including the ability to provide online feedback.
Encourage voluntary compliance by allowing for seamless prefilling of returns
Deter noncompliance
In this guide, we will explore the annual information statement in detail.
The information displayed on AIS is split into two sections:
Part- A
Part-A contains general information about you, such as your PAN, Masked Aadhar Number, Name of the Taxpayer, Date of Birth/Incorporation/Formation, mobile number, e-mail address, and Taxpayer's address.
PART- B
TDS/TCS Information: - This section displays information about tax deducted/collected at the source. The TDS/TCS Information code, Information description, and Information value are displayed.
SFT Information: - Information received from reporting entities under the Statement of Financial Transaction (SFT) is displayed under this heading. It is possible to obtain the SFT code, Information description, and Information value.
Tax Payments: - This section displays information about tax payments under several headings, such as Advance Tax and Self-Assessment Tax.
Demand and Refund: - During a financial year, you will be able to see the specifics of the demand made and the refund initiated (AY and amount).
Other Information: - This section displays details on information obtained from other sources, such as data on Annexure-II salary, interest on refunds, outward foreign remittances/purchases of foreign currency, and so on.
Currently, Form 26AS mostly shows the information on property purchases, high-value investments, and TDS/TCS transactions made throughout the fiscal year.
A far more extensive statement is the Annual Information Statement (AIS). It covers savings account interest, securities/immovable property purchase and sale transactions, overseas remittances, deposit interest, and so on. All of the data is available in aggregate for each individual transaction.
TDS/TCS transactions, SFT information, tax payment, demand or refund, and other information are all covered by AIS. Only Form 26AS is displayed if the taxpayer has to verify GST turnover based on the information provided in Form GSTR-3B. GST information is not captured by AIS.
Taxpayers can access their AIS by going to the e-filing portal and logging in with their PAN or Aadhaar number:
Step 1: Use the URL https://www.incometax.gov.in/ to access the e-filing system.
Step 2: Click the "Login" button in the top-right corner of the webpage.
Step 3: Enter user ID and click on “Continue”
Step 4: Enter your password and click on “Continue” to navigate to the e-filing portal homepage
Step 5: Click on the AIS tab under the service section
Step 6: On the AIS home page you will see the two different parts
Information under TDS
Information under SFT
The following are some important steps in the information processing process:
The taxpayer will have access to AIS data and will be able to provide the following types of responses in response to it.
The AIS processing approach is as follows:
The functionality of the Annual Information Statement can be accessed by following the steps outlined below:
Step 1: Go to https://www.incometax.gov.in/ and log in to your account.
Step 2: After successfully logging in to the e-filing system, click on Annual Information Statement (AIS) under the Services tab.
Step 3: On the site, click the AIS tab.
Step 4: To access the Annual Information Statement, select the relevant FY and click on the AIS tile.
Please see the Annual Information Statement User Guide in the Resources section of the AIS Homepage for further information.
If the information history in a certain AIS source information exceeds the specified size (currently 1500 records), it may not be fully visible in the portal. If you are viewing AIS (with full details) please download the AIS PDF / JSON file from the download option in the AIS tiles.
If you're having trouble comprehending what's being displayed in the AIS, you can enable context-specific help by following the instructions below:
Step 1: To activate context-specific help, click the bulb icon in the top right corner of the gateway panels.
Step 2: Hover the mouse pointer over the information you're having trouble seeing to see the bulb icon.
Step 3: To examine the tooltip style information description and related guidance, click the bulb symbol next to the information.
Step 4: Within the associated guide, click on keywords to get information descriptions and related guides for that term.
Step 5: To close the information description, click anywhere outside of the tooltip style window.
Please keep in mind that the bulb indicator beneath information will only appear on hover if the page element's information description is available.
Follow the steps below to provide feedback on active information presented under TDS/TCS Information, SFT Information, or Other Information:
Step 1: Click the Optional button in the Feedback column. You'll be sent to the Add Feedback screen.
Step 2: Select the appropriate feedback option and provide the necessary information (depending on the feedback option).
Step 3: Click Submit.
Please see the Annual Information Statement User Guide in the Compliance Portal's Resources section for more information (AIS Homepage).
After successfully submitting feedback on AIS information, the feedback will be presented alongside the information, and the information's changed value will be visible alongside the reported value. You'll be able to download Acknowledgement Receipt and the activity history tab will be updated as well. In addition, feedback submission confirmations will be delivered via email and SMS.
Once you've submitted your feedback, you can make changes to any active information listed under TDS/TCS Information, SFT Information, or Other Information by following the procedures below:
Step 3: Go to the AIS details page and look at the aggregated information by source.
Step 2: To access information/transaction details, expand specific L2 level information and click on the information that has previously been given feedback and needs to be changed
Step 3: You will be taken to the Feedback History screen, which will display the previously submitted feedback. Select Modify Feedback from the drop-down menu.
Step 4: Select the cause for the change, as well as mention additional comments that are required.
Step 5: Click the Submit button after selecting the feedback choice.
Now, to get the Feedback Acknowledgement Receipt, go to Activity History.
When you browse the Feedback History of the transaction after making changes to your feedback, the amended feedback will be designated as Active. The impact of the same will be shown on AIS in both aggregated information source details and information/transaction specifics. TIS will also be updated as a result of the feedback modification.
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