What is Annual Information Statement (AIS)?

Types of Information Displayed by AIS

AIS focuses on Form No. 26AS which contains the financial transactions of an individual during a financial year. Given below are the types of information displayed by AIS:

1. TCS/TDS: It contains information code, information description, and information value of TCS/ TDS.
2. Specified Financial Transaction (SFT): It also comprises reporting entities under SFT like SFT code, information description, and information value.

1. Tax Payment: AIS also contains all the tax payment-related data like self-assessment tax and advance tax.
2. Refund and Demand: It contains data related to refunds initiated (AY and amount) and demand raised during a financial year.
3. Other information: Other information includes details regarding interest on refund, Annexure- II salary, purchase of foreign currency, etc.

Features of AIS

Now let us have a look at the features of AIS:

1. It contains information related to dividends, interest, securities transactions, mutual fund transactions, foreign remittance information, etc.
2. Taxpayer Information Summary (TIS) summarises the information of AIS under the Income Tax Returns (ITR) filing.
3. It helps taxpayers to download information from the official website in CSV, PDF, and JSON file formats.
4. The taxpayers can give online feedback on the AIS information.

Benefits of AIS

The following are the benefits of AIS:

1. Incorporating AIS makes tax filling straightforward
2. Makes collecting all the information regarding income and tax seamless
3. Reports income details irrespective of tax
4. Offers visibility to the taxpayer regarding income earned in a financial year

How to Download AIS APP

Users can go to Google Play or App Store and download the ‘AIS for Taxpayer’. The app is offered by the Income Tax Department free of cost and can be downloaded online. Here are the steps to download the app:

1. Install the app on mobile device
2. Register yourself by entering the PAN number
3. Enter the OTP received on registered email address and mobile number

1. Create 4-digit PIN to login into the mobile app after completing authentication procedure

How to set MPIN for AIS for Taxpayer App in mobile?

Here are the steps to set the MPIN for AIS for Taxpayer application in mobile:

1. Complete the registration process by entering OTP
2. Enter the MPIN

1. Click on ‘Next’
2. Click on ‘Confirm’ after entering the MPIN

After completing the process, MPIN will be generated, and user will be registered. Further users will be able to login into the application using their MPIN.

How to Check your AIS?

Now, let us have a look at the step-by-step procedure to check your AIS data:

Step 1: Log in to income tax official website at https://www.incometax.gov.in/iec/foportal.

Step 2: You will be redirected to your profile.

Step 3: Click on ‘Services’ from the top panel.

Step 4: From the drop-down list, click on ‘Annual Information Statement’.

Step 5: You will receive a popup message redirecting you to the AIS Homepage.

Step 6: Click on ‘Proceed’.

Step 7: On the new page, you can find the TIS and AIS.

Step 8: Choose the financial year to find the data and download the file in your preferred format.

How to Open AIS PDF?

AIS PDF files are password protected and hence, you need to unlock it using the correct format of the password. Enter the PAN number in lower case and date of incorporation of non-individual taxpayer or date of birth in the format DDMMYYYY without any space in between.

For example, if the PAN is ABABA5678B and date of birth is 7 January 1996, then the AIS PDF password would be ababa5678b07011996.

Differences Between AIS and Form 26AS

According to the official website of Income Tax Department AIS is the extension of the form 26AS. Details of real estate acquisitions, high-value investments, and TDS/TCS transactions made during the financial year are shown in Form 26AS.

In addition, AIS contains income from savings accounts, dividends, rent paid, purchases and sales of stocks and real estate, international transfers, interest on deposits, GST turnover, etc. The taxpayer has the chance to comment on the reported transactions through AIS as well.

The taxpayer has the chance to comment on the reported transactions through AIS as well. Additionally, TIS additionally reports the aggregated transactions at the information source level.

How to Submit Feedback on AIS

Follow the steps mentioned below to submit feedback on AIS under TDS/TCS Information, SFT Information, or Other Information -  

Step 1: For relevant information, click the "Optional" button mentioned in the Feedback column. 

Step 2: Select the appropriate feedback option, then fill out the necessary information. 

Step 3: To submit the feedback, click "Submit." 

What Are the Types of Information Shown in AIS?

There are different types of information included in the Annual Information Statement, which are displayed in two parts such as A and B.

Part A

This part includes general information such as:

1. PAN number
2. Masked Aadhar number
3. Name
4. Date of birth
5. Contact details of the taxpayer

Part B

Here are the mentioned under Part B:

1. SFT (Statement of Financial Transaction) information
2. Demand and refund details
3. TDS or TCS information
4. Tax payment information
5. Outward foreign remittance
6. Interest earned on refund
7. Transactions done through foreign currency, etc.