Learning article
Form 26AS and AIS — Your Tax Credit & Income Statement
Learn to read Form 26AS and Annual Information Statement (AIS) to catch missing TDS, high‑value transactions, and avoid mismatches.
Quick takeaways
Form 26AS shows all tax credits (TDS, advance tax, self‑assessment tax) against your PAN.
AIS is a broader statement that includes financial transactions, TDS, and SFT data.
Cross‑checking both with your return prevents refund delays and notices.
Overview
What does Form 26AS contain?
Part A/B: TDS details from salary, interest, rent, etc.
Part C: Tax collected at source (TCS).
Part D: Details of refunds received.
Part E: Advance tax and self‑assessment tax paid.
Key concepts
What is AIS and why it matters
AIS consolidates information from various reporting entities — banks, mutual funds, registrars, stock brokers.
It includes interest income, dividends, capital gains from securities, mutual fund transactions, etc.
AIS even shows high‑value cash deposits, property purchases, and credit card payments.
Key takeaways
How to check and use them
Log in to the income tax e‑filing portal and download both 26AS and AIS before filing.
Match income appearing in AIS with what you plan to report — any discrepancy could trigger a notice.
Report all income even if TDS wasn't deducted; AIS will flag it.
Common mistakes
Common mismatches to avoid
Salary income in Form 16 does not match 26AS.
Interest from FDs shown in AIS but omitted in ITR.
Capital gains reflected in AIS but not reported.
FAQs
Common questions
Keep reading
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