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Annual Information Statement

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Transaction done using Aadhaar will be populated in new Annual Information Statement of Income Tax Dep

Transaction done using Aadhaar will be populated in new Annual Information Statement of Income Tax Dep

Annual Information Statement or AIS is comprehensive view of information for a taxpayer displayed in Form 26AS. During preparation of AIS, information processing is required to display complete and accurate information to the taxpayer.

The key objective of AIS are:


• Display complete information to the taxpayer
• Promote voluntary compliance and enable seamless prefiling of return
• Deter non-compliance

Read : Stepwise process to download the new Annual Information Statement (AIS) on the income tax portal

Salient Features of new AIS are as under:


• Inclusion of new information (interest, dividend, securities transactions, mutual fund transactions, foreign remittance information etc.)
• Use of Data Analytics to populate PAN in non-PAN data for inclusion in AIS.
• Deduplication of information and generation of a simplified Taxpayer Information Summary TIS) for ease of filing return (pre-filling will be enabled in a phased manner).
• Taxpayer will be able to submit online feedback on the information displayed in AIS and also download information in PDF, JSON, CSV formats.
• AIS Utility will enable taxpayer to view AIS and upload feedback in offline manner.
• AIS Mobile Application will enable taxpayer to view AIS and upload feedback on mobile.

Also Read : Why checking AIS is Compulsory Before Filing your Income Tax Returns?

Adhaar will be populated in new Annual Information Statement of Income Tax Dep

The New AIS will use data analytics to populate PAN in Non PAN Transactions. There are many transaction in which individual do not provide PAN but provide Aadhaar card number. All such transactions will also be covered in AIS Statement of Income Tax Department

Currently as on 12 November 2021, there are 9,67,65,990 Individual Registered Users and 41,20,14,753 Total Aadhaar Linked with PAN. These means there are only 9.6 Cr PAN which are active and filing income tax returns vs 41.20 Cr PAN Aadhaar Linked. For many financial and non financial transactions like buying property / jewellery many people do not give PAN details and provide Aadhaar details, all such transactions shall also be reflected in new AIS

Government has done smart job by linking Aadhaar with PAN, thus tracking all your activity be it financial or non financial. The advance data analytics systems will ensure to populate accurate output there by all financial and non financial transactions will be connected and populated. The Aadhaar card which are linked but not filing the returns will be soon send notices if there are any high value translations which are taxable.

It is advisable to file your returns and pay taxes on time, to avoid any notices in future as even simple transactions like cash deposited in banks will be shown in AIS

Read More : Taxpayers 50 Transactions will be reported in New Annual Information Statement (AIS)

Read More : How to Correct or Modify or Deny Wrong information in Annual Information Statement in Income Tax

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How to Correct or Modify or Deny Wrong information in Annual Information Statement in Income Tax

How to Correct or Modify or Deny Wrong information in Annual Information Statement in Income Tax

The new Form 26 AS is an Annual Information Statement or AIS which will provide a complete profile of the taxpayer for a particular financial year. To promote transparency and simplifying the tax return filing process, CBDT has amended Form 26 AS (vide Notification dated May 28 2020). New information sources, not available in the current Form 26AS, have been added in AIS. Taxpayer can provide feedback on information displayed in AIS, further can also deny or approve the correctness of the information captured from third party

The Agency providing information to Income Tax Department can be Banks, Financial Institutions, Registrar of Properties, etc. Many times information provided by them can be incorrect or wrong. In all such cases AIS needs to be corrected before filing your tax returns so that you do not receive notices or intimation for mis match from Income Tax Department. Click here to know Why checking AIS is Compulsory Before Filing your Income Tax Returns

Currently the Income Tax Department Tracks 50 different Information, Click here to know Taxpayers 50 Transactions will be reported in New Annual Information Statement (AIS)

AIS and TIS Overview

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

Taxpayer Information Summary is an information category wise information summary for a taxpayer. The same is updated based on the feedback provided by taxpayer in AIS

Steps and Process to Correct or Modify or Deny Wrong information in Annual Information Statement in Income Tax

Step 1

Login to e filing portal by visit Income Tax e filing portal at http://www.incometax.gov.in

Click on Login button and If the user is not already registered, then user can register button

Enter user ID ( Aadhaar/ Other User ID) on the login page of and continue

Step 2

Enter password for e filing account and confirm secure access message and Click Continue

On successful login, e filing portal home page will be displayed. To access AIS Click the “Annual Information
Statement ( under Services tab) Click Proceed on the redirect to AIS Homepage message

On successful redirection, AIS homepage on Compliance Portal will be displayed. AIS Instructions will be the default
landing page, providing key instructions for AIS functionality

Under AIS Tab, Taxpayer Information Summary and Annual Information Statement tiles will be displayed. Annual Information Statement is comprehensive view of information for a taxpayer displayed in Form 26 AS. Taxpayer Information Summary is an information category wise information summary for a taxpayer. Click AIS or TIS to access relevant functionality

Step 3

How do I submit feedback on the information?

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

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

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

Click “Submit” to submit the feedback

Step 4

What are the Feedback options available for submission of response against each Information detail?

Answer:  The feedback options will be displayed on each Information detail. You will be able to select only one of the available options for submitting feedback. Feedback options are as follows:

Option A: Information is correct

If the information belongs to you and all the attributes of the Information are correct.

Option B: Information is not fully correct

If the information belongs to you, but all the attributes of the Information are not correct. Upon selecting this option, relevant information fields will be displayed, and you will be able to update correct information details. e.g.- Account number, Information value, etc.

Option C: The Information relates to other PAN/year

If you are aware of the Information, but it belongs to other person or other year e.g. joint ownership of property or receiving of mentioned amount in another year.

Option D: Information is duplicate/included in other information

If the information displayed is already included in another information or it is a duplicate information.

Option E: Information is denied

If you are unaware of this information/transaction and want to deny that the said information pertains to you.

Option F: Customised feedback

The feedback option will be displayed based on the information category.

Some FAQ on Feedback

How do I submit response in Bulk?

Answer: To submit feedback in bulk the following steps should be followed:

Step 1: Select the bulk feedback option available beside the filter option on the portal. Step 2: Select multiple transaction for which the feedback is to be provided

Step 2: Choose the feedback Step 3: Submit response in bulk

Please note that only the following feedback options are available for submitting the response in bulk:

  • Information is correct
  • Information relates to other PAN/year
  • Information is duplicate/ included in other information
  • Information is denied
  • Customised feedback option as per information category

What will happen once I submit the feedback?

Answer: Upon successful submission of feedback on AIS information, the feedback will be displayed with the information and the modified value of the information will also be visible with the reported value. The activity history tab will also be updated, and you will be able to download Acknowledgement Receipt. Email and SMS confirmations for submission of feedback will also be sent.

What is Modified Value?

Answer: Modified Value refers to value which has been modified by you through submission of feedback. The reported value and value modified after feedback will be shown separately in the Annual Information Statement (AIS).

Where can I view feedback submitted by me for a transaction?

Answer: If feedback has been submitted on a transaction, you can view the feedback history by clicking on the already submitted feedback. The Feedback History page will show all the feedback which have been submitted.

Is there any limit on number of persons that can be added, when feedback type is

‘Information relates to Other PAN/ Year’?

Answer: Yes, the portal will allow you to add a maximum of 50 rows for feedback type ‘Information relates to other PAN/ Year’. However, if you want to add persons beyond the limit, you may use AIS Utility (to be released soon) and provide feedback.

What all information will be shown as modified after I give feedback on an information?

Answer: You can provide feedback on the information to update the reported value. The valued updated through feedback i.e. modified value, will be displayed with the reported value in brackets (in information view and also in aggregated source wise view).

You can also update the other attributes of information through feedback option – Information is not fully correct. However, any such update (apart from update in reported value) will be visible in the feedback history of such information.

How can I modify the AIS feedback?

Answer: Once you have submitted the feedback but want to modify it on any active information displayed under TDS/TCS Information, SFT Information or Other information, you can do it by following below mentioned steps:

Step 1: Navigate to AIS details and view information source-wise aggregated details.

Step 2: Expand specific L2 level information to view information/ transactions details and click on the information where the feedback was already provided and needs modification.

Step 3: You will be directed to the Feedback History screen that will show the already submitted feedback. Click on the “Modify Feedback” button.

Step 4: Select the reason for modification along with remarks as per the requirement.

Step 5: Select the feedback option and click “Submit” button.

You can navigate to “Activity History” to download the Feedback Acknowledgement Receipt.

How does the modification of feedback affect the value on AIS and where can I see my modified feedback?

Answer: The modified feedback will be marked as “Active” when you will view the Feedback History of the transaction after modifying your feedback. The effect of the same will be provided on AIS at both, the information source-wise aggregated details and in the information/ transaction details. The result of modifying the feedback will also be updated in TIS.

Is there any limit on the number of times I can modify a given feedback?

Answer: Currently there is no limit on the number of times you can modify a previously given feedback, but you need to provide the correct reason and proper remarks for the same as they may be taken up for review and approval before giving effect to modification.

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Why checking AIS is Compulsory Before Filing your Income Tax Returns

Why checking AIS is Compulsory Before Filing your Income Tax Returns

In order to promote transparency and simplifying the tax return filing process, CBDT vide Notification dated May 28, 2020 has amended Form 26AS vide Sec 285BB of Income Tax Act, 1961. The new Form 26AS is an Annual Information Statement or AIS which will provide a complete profile of the taxpayer for a particular year.

Income Tax Department has announced roll-out of a new statement – AIS (Annual Information Statement). AIS gives you all details about your financial transactions during the year.


What is AIS (Annual Information Statement)?


You know earlier Income Tax used to give statement 26AS. AIS is a much detailed one – with many more details included – like your Savings Interest, all Mutual Fund transactions during the year etc. There are more than 50 Categories click to know all

Click here to know Taxpayers 50 Transactions will be reported in New Annual Information Statement (AIS)


Shall 26AS be stopped once AIS is live?


No you will get both 26AS and also AIS. Both put together, Income Tax department knows all your financial and non financial transactions.

Why you need to check AIS before filing your income tax returns?

Tax payers at times forget to report saving bank interest or shares transactions or any other high value transactions. Now at the time of filing the returns they can cross check if they have missed out to report any transaction with the help of ASI statement which is available online.

I have not given my PAN Card for many high value transaction still i have to check AIS?

Income Tax Department will use Data Analytics to populate PAN in non-PAN data for inclusion in AIS. In case no valid PAN is available in the submitted information, the PAN will be populated on matching Aadhaar and other key attributes.

How to check Online AIS of Taxpayer?


Online Step Wise Process to


Log in to your Income Tax account at http://incometax.gov.in then go to Services Tab and Last option in this tab is the AIS option. It will open a new tab with below two options:


a) Left side – Tax Information Summary (TIS) b) Right side – AIS


TIS is a summary and AIS is the detailed statement. You can download both. When you download you get a pdf statement. PDF will be password protected. Password is ur PAN Number (in CAPITAL) + Date of Birth (DDMMYYYY)
AIS will capture all financial transactions of the previous year.

What if AIS information is duplicate or wrong how to give feedback?

In case where similar information is reported under different information types (e.g. reporting of interest/dividend in SFT and TDS) the information with lower value will be marked as “Information is duplicate / included in other information” using automated rules.

The taxpayer will be able to view AIS information and submit following types of response on the information:


• Information is correct
• Information is not fully correct
• Information relates to other PAN/Year
• Information is duplicate / included in other information
• Information is denied
• Customized Feedback

The AIS Feedback processing approach is as under:


• The feedback provided by assessee will be captured in the Annual Information Statement (AIS) and reported value and modified value (i.e. value after feedback) will be shown separately.
• The feedback provided by assessee will be considered to update the derived value (value derived after considering the taxpayer feedback) in Taxpayer Information Summary (TIS)
• Information assigned to other PAN/Year in AIS will be processed and information will be shown in the AIS of the taxpayer using automated rules.
• In case the assigned information is modified/denied, the feedback will be processed in accordance with risk management rules and high risk feedback will be flagged for seeking
confirmation from the information source.

Do Taxpayers get notice if they have not reported AIS Information transaction in Income Tax Returns?

The information in the ASI will be automatically crossed checked with the income tax returns filed by the taxpayers. In case there is any discrepancies or mis match then there are high chances to receive intimation for filing revise returns. Further if no action is taken then taxpayer may receive notice from Income Tax Department. So it becomes really important to file your taxes correctly with all the information.

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