How to download AIS statement from Income Tax Portal?

Step-by-step instructions with pictures that show how to use the Income Tax India e-Filing Portal to view or download an AIS statement. Explains the significance of the AIS statement for good tax compliance and accurate return submission.

This document covers

What is AIS Statement ?
What information available in AIS?
Possible list of transactions identified for AIS
Difference between Form 26AS & AIS Statement ?
Ways to view or download the AIS Statement
Instructions to download AIS Statement

1. What is AIS Statement ?

AIS is a comprehensive statement containing details of the financial transactions undertaken by you for a given financial year (FY).

It's an important document that shows all the specified financial transactions and related information in one place. It's vital for every taxpayer to cross check before filing their Income Tax Return.

Specified Financial Transactions (SFT) ?

Know more on what are specified financial transactions (aka SFT, aka high value transactions) and their threshold limits @ What are high value transaction limits for Income Tax Compliance?

2. What information available in AIS Statement?

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, property transactions etc.
The statement also contains information related to TDS, TCS and any tax demand or refund

3. Possible list of transactions identified for AIS

List of transactions that the Income Tax Department is keeping track of to create the AIS statement. The department is free to alter this list at any moment, but it is in the taxpayers' best interests to have one to begin with.

Salary

Rent Received

Dividends

Interest from Savings Account

Interest from Deposits

Interest from Others

Interest from Income Tax Refund

Rent on plant and machinery

Winning from lottery or crossword puzzle

Winning from horse race

Receipt of accumulated balance of PF from employer

Interest from infrastructure Debt Fund

Interest from specified company by NRI

Interest on bonds and government securities

Income w.r.t. units of non-resident (NRI)

Income and long-term capital gain (LTCG) from units by an offshore fund

Income and long-term capital gain (LTCG) from foreign currency bonds or shares of Indian companies

Income of foreign institutional investors from securities

Insurance commission

Receipts from life insurance policy

Withdrawal of deposits under national savings scheme

Receipt of commission on sale of lottery tickets

Income from investment in securitization trust

Income on account of repurchase of units by Mutual Funds

Interest or dividend or other sums payable to government

Payment to non-resident sportsmen or sports association

Sale of land or building

Receipts from transfer of immovable property

Sale of vehicle

Sale of securities and units of mutual fund

Off market debit transactions

Off market credit transactions

Business receipts

Business expenses

Rent payments

Miscellaneous payments

Cash deposits

Cash withdrawals

Cash payments

Outward foreign remittance / purchase of foreign currency

Receipt of foreign remittance

Foreign travel related

Purchase of immovable property

Purchase of vehicle

Purchase of time deposits (Fixed Deposits)

Purchase of securities and units of MFs

Credit / Debit card related

Balance in Bank Accounts

Income distributed by business trust

Income distributed by investment fund

4. What is the difference between Form 26AS and the AIS Statement ?

Form 26AS contains financial transactions that were recorded due to TDS payment by Self, Employer, other Taxpayer, a Business, or a Company.

On the other hand the transactions in AIS statement were collected based on the nature and transaction amount that crosses certain threshold from various sources like banks, financial institutions, and the regulatory bodies in India.

The transactions listed in AIS alone may not be able to identify taxable income but can arrive at such with the help of additional information from the taxpayer.

5. What are the ways to view or download the AIS Statement ?

One can download their AIS statement from Income Tax India e-filing portal using the steps given below. Unlike Form 26AS AIS statement can be downloaded from any country.

6. Instructions to download Form AIS Statement?

Step 1:

Go to https://www.incometax.gov.in/iec/foportal and click on login. If you don't have an account, please click on register and create an account.

Step 2:

Enter the User Id (PAN). Now click on login.

Step 3:

After login, the following screen will appear. Go to Services and click on AIS (Annual Information Statement) in the drop-down menu.

Click Confirm to proceed to Traces Portal

Step 4:

Click on Proceed

Step 5:

Now click on AIS

Step 6:

Select AIS and Click on Down arrow button.

Step 7:

Click on download Option.

Step 8:

If you want to download the form AIS in Online, select the format as PDF
If you want to download the form AIS in JSON format, select the format as 'JSON'.

Step 9:

The password for opening your form AIS is your PAN (small case) and date of birth (ddmmyyyy) in aaapa1234a21011991 format.

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Want to download Form 26AS ?

Form 26AS is a TDS Credit statement, an important document when filing your taxes. Check @ How to View / Download Form 26AS ?