What is an Annual Information Statement (AIS)
An Annual Information Statement (AIS) is a document that gives detailed information on the prescribed financial transactions and pre-paid taxes that a taxpayer entered into for a specific fiscal year. A taxpayer can sign into his income-tax e-filing account to obtain AIS information.
Annual Information Statements for individual taxpayers may include the following information:
What is an Annual Information Statement?
An extensive summary of taxpayer data on Form 26AS is included in the Annual Information Statement (AIS). Securities transactions, interest, dividends, information about overseas remittances, bank and credit card transactions, mutual fund transactions, and requests and refunds are all included in AIS in addition to Form 26AS. Taxpayers have the ability to comment on the data shown on the AIS. Under every area (such as TDS, SFT, and Other information), AIS presents both the reported and the derived value—that is, the value that takes taxpayer feedback into account.
What kinds of data are included in AIS?
The Income-tax Rules, 1962, Section 285BB read in conjunction with Rule 114-I, mandate that the Principal Director General of Income-tax (Systems), the Director General of Income-tax (Systems), or any person designated by them, upload an annual information statement that includes the following details about an assessee for a specific financial year: