It is important to check the information contained in AIS to ensure that the income tax department has the correct information about you. Here are the steps to download AIS and check the information in it.
The newly launched Annual Information Statement (AIS) is a tool that tells taxpayers what the tax department knows about them. The AIS is a comprehensive statement containing details of all the financial transactions undertaken by you in a financial year (FY), i.e., it contains the information that are specified under the Income-tax Act, 1961.
The AIS contains information related to income earned from various sources such as salary, dividend, interest from savings account, recurring deposits, sale and purchase of equity shares, bonds, mutual funds etc. The statement also contains information related to TDS, TCS and any tax demand or refund.
Here is how you can download AIS from the e-filing website.
Step 2: Under the ‘Services’ tab, select ‘Annual Information Statement (AIS)’. A pop-up will appear on your screen. Click on ‘Proceed’. You will be redirected to another website.
Step 3: On the web page tab that opens, select ‘AIS’.
Step 4: You will have to select either of the two options: Taxpayer Information Summary (TIS) or Annual Information Statement (AIS). It will also show the financial year for which AIS is being downloaded, your PAN and name.
Step 5: Select the download Arrow on the AIS box. A pop-up will appear asking you to select the format for downloading AIS. The statement can be downloaded in PDF format and JSON utility.
The PDF is password protected. The password to access the downloaded PDF is a combination of your PAN and date of birth. For instance, if your PAN is AAAAA000A and your date of birth is January 1, 1991, the password for the PDF will be AAAAA0000A01011991.
Information in AIS
AIS is divided into two parts: Part A and Part B. Part A contains general information such as PAN, masked Aadhaar number, name of taxpayer, date of birth etc. Part B contains comprehensive information of TDS, TCS, Specified financial transactions, payment of taxes, tax demand and refund and other information.
Check for any errors
The income tax department in its press release dated November 1, 2021, has asked the taxpayers to check the information available in the AIS. If there is a mismatch in the information, then taxpayers should inform the same to the income tax department. If the mismatch is not informed to the tax department, then it may be assumed that the information reflected in AIS is correct and the income tax department may ask you to explain the mismatch between the income tax return filed by you and the information in the AIS.
“If the taxpayer feels that the information is incorrect, relates to other person/year, duplicate etc., a facility has been provided to submit online feedback,” said the press release.