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Compliance Intelligence

Form 26AS & AIS Guide

The Income Tax Department knows every transaction you make. Learn how to reconstruct your tax profile, resolve TDS mismatches, and prevent Scrutiny Notices.

Estimate Final Tax

Tax Tracking Vocabulary

Document	Scope of Tracking	Relevance to Filing
Form 26AS	Tax Credit Hub	A consolidated annual tax statement showing all TDS deducted against your PAN.
AIS (Annual Info Statement)	Holistic Financial Overview	Shows massive transaction data: stocks sold, mutual funds bought, large deposits.
TIS (Taxpayer Info Summary)	Aggregated Metric	Category-wise aggregated values derived from AIS for easy ITR filling.
TDS / TCS Details	Prepaid Taxes	Found in Part A & B of 26AS. Used to offset your final tax liability.

How to Reconcile AIS Without Triggering Notices

Declaring income lower than what reflects in your AIS is a guaranteed trigger for a Section 143(1)(a) discrepancy notice. Follow this workflow:

Step 1: Download & Assess - Log into `incometax.gov.in`. Navigate to `Services > Annual Information Statement (AIS)`. Download the PDF (password is PAN in lowercase + DOB in DDMMYYYY).
Step 2: Compare TDS with Books - Open Form 26AS. If an employer or bank deducted TDS but did NOT deposit it, it will not show up here. You cannot claim credit for missing TDS. Immediately contact the deductor to file a revised TDS return.
Step 3: Hunt for Duplications - The AIS often captures the same term deposit interest twice (once from core banking, once from SFT filings). You must identify this and submit feedback on the portal marking it as "Information is duplicate".
Step 4: Align Capital Gains - The AIS tracks Mutual Fund and Equity sales via PAN integration with depositories (CDSL/NSDL). The sales value in AIS MUST perfectly match Schedule CG in your ITR-2/ITR-3.
Step 5: Adjust ITR Prefill - The CBDT auto-prefills your ITR with AIS data. Never blindly accept it. Reconcile with actual bank credits to strip out non-taxable allowances or reversed trades before final submission.

Service Inclusions

Form 26AS vs AIS Reconciliation

TDS credit mismatch resolution

High-Value Transaction mapping

Validation of property registry reporting

Dividend/Interest overlap checks

Filing of revised returns if data mismatches

Feedback submission on erroneous AIS entries

Capital Gains statement bridging

Required Materials

PAN Card Number

Income Tax Portal Password

Bank Statements

Form 16/16A from Deductors

Demat Account transaction logs

Property Sale/Registration deeds

Why CAs Manage 26AS/AIS

Immunity to Scrutiny

Mismatching ITR and AIS data causes immediate CPC holds. We normalize the data architecture.

Feedback Mechanisms

Expert filing of online feedback to nullify fake or exaggerated high-value transactions.

TDS Credit Rescue

We issue legal notices to deductors who withheld your money but didn't deposit it to the Govt.

Unrecognized Income Showing in AIS?

Do not file your ITR yet. Let a Finucity expert neutralize the erroneous data safely.