AIS & TIS: Common Misreporting Issues and How to Correct Them Before Filing.
AIS TIS Errors: Common Issues and How to Correct Them Before Filing ITR
Before filing your Income Tax Return, it is always a good idea to check your AIS (Annual Information Statement) and TIS (Taxpayer Information Summary). These statements show details like your income, TDS, bank interest earned, dividends received, stock market transactions, and other financial information shared with the Income Tax Department.
Many taxpayers ignore these statements and file their ITRs directly. But if there are incorrect entries, duplicate transactions, or missing details as compared to AIS or TIS, it can later result in income tax notices, refund delays, additional tax demands, or even scrutiny.
In this post, we will look at some of the most common AIS and TIS mismatches, how to identify them, and what you should do to correct them before filing your return.
Let’s look at these sections in detail:Â
What are AIS & TIS?
AIS (Annual Information Statement) and TIS (Taxpayer Information Summary) are compliance information available on the income tax portal that show details of your financial transactions reported to the Income Tax Department by different sources such as banks, employers, mutual funds, and registrars.
AIS contains detailed information such as interest earned, TDS deducted, share transactions, dividends received, and property deals. TIS is a simplified summary of the same data, mainly used to help auto-fill your income tax return.
Sometimes, the figures shown in AIS or TIS may not match your actual income or records. This can happen due to delayed reporting, data entry errors, incorrect PAN details, or duplicate entries reported by different organisations. Since the data comes from multiple sources, such mismatches are quite common.
Common Misreporting Issues in AIS & TIS
- Interest income is shown as higher than the actual amount earned.
- TDS reflected under the wrong TAN number
- Same transaction appearing more than once
- Wrong capital gains details shown in AIS/TIS
- Transactions belonging to someone else appearing in your records
What Can Happen If You Ignore These Mismatches:
- You may receive an income tax demand notice
- Notice under Section 143(1)(a) or Section 139(9) may be issued
- Your ITR may get selected for scrutiny or reassessment.
How to Correct AIS/TIS Errors
Step 1: Login to the AIS Portal
Go to Income Tax Portal
Login using your PAN and password.
After logging in, go to the AIS Menu.
This will open the AIS portal (Navigated to ais.insight.gov.in portal)
Step 2: View the AIS and/or TIS details displayed
Move to the AIS tab and select the Financial year for which you need to view the details
Next, select TIS or AIS to be viewed
If TIS is selected, the summary of TDS deducted from various sources, Interest earned, and Security transaction details will be listed.
The details can also be downloaded as a PDF.
If AIS is selected, then the detailed information on TDS/TCS, SFT, Taxes Paid, Demand or Refund issued, and other information (GST Transaction is any) will be listed.
AIS information can be downloaded in PDF or JSON format.
Step 3: Download AIS and TIS
Download both TIS in PDF format and AIS in PDF or JSON format.
Now compare the details as against your:
- Form 16
- Form 16A
- Bank statements
- Share trading or broker reports
This helps you check whether all income and TDS details are correct. The JSON file can be imported into your ITR filing software for auto-computation. Check Saral Pro IncomeTax for auto-download and compare the data with AIS details.
Step 4: Check for Mistakes
Carefully check for things like:
- Duplicate entries
- Wrong transaction amounts
- Missing TDS credits
- Transactions that do not belong to you
Step 5: Give Feedback
If you find any incorrect entry, click on Optional next to the record and select the appropriate Feedback for the record.
The feedback that can be selected is;
- Income is not taxable
- Information is not fully correct
- Information related to other PAN/Year
- Information is duplicate/included in other information
- Information is denied
Submit the feedback on selecting the correct type
Make sure to download and save the acknowledgement for future reference. The same will also be mailed to your registered email address.
You can also submit the feedback if the Information is correct, if required.
Step 5: Wait for the Update
Once your feedback is reviewed, the AIS may get updated.After that, you can file your ITR with the corrected details. If the update takes time, you can still file your return by keeping proper explanation and supporting documents ready.
Common Mistakes to Avoid
- Do not assume the AIS is always fully correct. Always compare the details with your bank statements, passbook, and broker reports before filing your ITR.
- Many taxpayers forget to include interest earned from savings accounts, fixed deposits, or income tax refunds even though these details may appear in AIS.
- Dividend income is often missed while filing returns. Since dividends are taxable now, make sure you report them properly.
- If you have any foreign assets or income, do not skip reporting them in your ITR as these details can also reflect in TIS.
Best Practices Before Filing ITR
- Check your AIS and TIS details before filing your ITR.
- Match the details with Form 26AS to avoid mistakes.
- If you find any mismatch, submit feedback and correct it early.
- Wrong or missing details can delay your tax refund.
- Mismatches may also lead to notices or extra scrutiny from the department.
- This is especially important for salaried employees, NRIs, and senior citizens.
Conclusion
AIS and TIS can make income tax filing much easier by showing your financial details in one place. But sometimes the information may not be fully accurate or up to date. Before filing your return, always check the details carefully, report any mistakes if needed, and make sure everything matches your records. This can help you avoid notices, errors, and delays later.
That’s all about AIS & TIS. If you have any questions or doubts, feel free to leave them in the comments below. We will be happy to help and discuss.
FAQs
1. What is the Annual Information Statement (AIS)?
An Annual Information Statement or AIS is a detailed statement that shows different financial details related to a taxpayer. It helps taxpayers check their income details before filing the income tax return and also allows them to give feedback on any incorrect information.
The main purpose of AIS is to improve transparency, encourage correct tax filing, and reduce the chances of non-compliance.
You can access AIS after logging in to the income tax portal under the AIS section.
2. Does AIS contain all details required for filing income tax return?
No, AIS only shows the information currently available with the Income Tax Department. Some transactions may not appear in AIS.
Taxpayers should still verify all their income and financial transactions properly before filing the income tax return.
3. What details are shown under General Information in AIS?
The General Information section contains basic taxpayer details such as:
- PAN
- Masked Aadhaar number
- Name of taxpayer
- Date of birth or incorporation
- Mobile number
- Email ID
- Address
4. What is the difference between AIS and Form 26AS?
From AY 2023-24 onwards, Form 26AS mainly shows TDS and TCS related details.
AIS provides much wider information including other financial transactions. It also allows taxpayers to submit feedback if any information is incorrect. Along with AIS, taxpayers can also view TIS which shows category-wise summarised information.
5. Can I check my activity history in AIS?
Yes, AIS has an Activity History option where you can see all activities performed on the portal.
It shows details like Activity ID, date, description, and related actions taken by the taxpayer.
6. In which formats can AIS be downloaded?
AIS can be downloaded in the following formats:
- JSON
7. How can I submit feedback in AIS?
You can submit feedback by following these steps:
- Click on the particular information shown in AIS
- Select the optional button under the Feedback column
- Choose the correct feedback option
- Enter the required details
- Click Submit
8. What happens after submitting feedback in AIS?
Once feedback is submitted successfully:
- Updated feedback will appear in AIS
- Modified values will be displayed along with reported values
- Activity history will get updated
- Acknowledgement receipt can be downloaded
- Confirmation through SMS and email will be sent
9. Is there any limit for modifying feedback in AIS?
No, currently there is no restriction on the number of times feedback can be modified in AIS.
10. Can GST turnover be checked in AIS?
Yes, AIS shows GST turnover details under the information code EXC-GSTR3B. This information is available in the Other Information section.
11. What is Taxpayer Information Summary (TIS) in AIS?
Taxpayer Information Summary or TIS is a category-wise summary available inside AIS.
It shows processed values generated by the system and also the values accepted or corrected by the taxpayer after feedback. Information is grouped under categories like salary, interest, dividend, and more.
