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.
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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.
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.
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.
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.
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.
Enter the User Id (PAN). Now click on login.
After login, the following screen will appear. Go to Services and click on AIS (Annual Information Statement) in the drop-down menu.
Click on Proceed
Now click on AIS
Select AIS and Click on Down arrow button.
Click on download Option.
The password for opening your form AIS is your PAN (small case) and date of birth (ddmmyyyy) in aaapa1234a21011991 format.
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