ITR Filing 2025: AIS contains many additional information which is not there in Form 26AS. This includes interest from savings accounts, dividends, rent amount, securities/immovable property, foreign remittances etc.
ITR Filing 2025: The last date for filing Income Tax Return (ITR) is coming closer. If you want to avoid any mistake in income tax return filing, then you should start preparing from now. Before filing the return, you should have all the necessary documents. First of all, it is necessary to download Form 26AS and Annual Information Statement (AIS). The question is why are these two documents necessary for ITR filing?
What information is included in AIS?
Form 26AS can be called a tax credit statement. It includes purchase of property, high value financial investments and TDS/TCS transactions. AIS contains many additional information. This includes interest from savings accounts, dividends, rent amount, securities/immovable property, foreign remittances etc. The transactions from these two documents reveal what are the transactions of the taxpayers during the entire financial year. If there is any transaction in both the documents which is not his, then this mistake can be corrected.
This is how you can download AIS
Step 1: You have to log in to the official website of Income Tax Department incometax.gov. You have to log in with your ID and password.
Step 2: Click on ‘Annual Information Statement’ in the main menu.
Step 3: Click on the ‘Proceed’ button. After this you will be redirected to the AIS portal. Then you have to click on View ASI. After that AIS will be downloaded.
Pay attention to these information in AIS
You have to look at the data of financial transactions carefully. This will include information about TDS and TCS. You should check every transaction closely. If you have earned income by selling units or shares of mutual funds, then it is necessary to tell about it in ITR. If you do not do this, you may get a notice from the Income Tax Department. AIS contains information about tax refund, savings account interest, dividend, rent income, income from abroad and income from selling property.
If there is wrong information, it can be corrected
If you feel that there is any wrong information in AIS, then it can be corrected. This work can be done through the e-filing portal of Income Tax. For this, after visiting the website, you have to click on ‘Bulk Feedback’. After that, after selecting the reason for the complaint, the complaint has to be submitted.
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