Can AIS Information Be Wrong? What Taxpayers Should Do
Find out what to do when AIS information does not match your records, including how to investigate differences and use the AIS feedback facility.
Quick Answer
Yes. AIS can contain information that is incomplete, duplicated, reported under the wrong amount or otherwise inconsistent with the taxpayer’s records. Check the underlying transaction documents and use the AIS feedback facility where appropriate, while still reporting complete and accurate income in the ITR.
Can AIS Information Be Incorrect?
AIS displays information presently available with the Income Tax Department. If an entry does not match the taxpayer's records, the taxpayer should investigate the difference rather than assuming that either record is automatically correct.
Why Can AIS Differ From My Records?
Differences can arise from reporting timing, source-level errors, duplicate information, transactions reported under different descriptions, or differences between the taxpayer's records and information available to the Department.
What Should I Check First?
Identify the exact AIS item and reporting source. Compare the amount, date or transaction details with the relevant bank, employer, broker, investment, property or other supporting records.
Can I Correct AIS Information?
For eligible active information, the AIS facility provides a feedback mechanism. The Income Tax Department states that taxpayers can select the relevant information, choose the appropriate feedback option and submit the required details.
What Happens to AIS After Feedback?
The Department states that successful feedback is displayed with the information, the modified value is visible with the reported value, activity history is updated and an acknowledgement receipt can be downloaded.
What About the ITR While AIS Is Being Reviewed?
Do not omit income or other required information simply because an AIS entry is disputed. The taxpayer remains responsible for preparing a complete and accurate ITR using all relevant records.
Frequently Asked Questions
Should I trust AIS or my records?
Neither should be accepted blindly when they differ. Investigate the specific discrepancy using underlying records and the reporting source.
Can an AIS entry be removed?
The appropriate outcome depends on the feedback and reporting process for the specific item. Use the available AIS feedback facility where applicable.
Does an AIS mismatch automatically mean a tax notice?
An AIS mismatch by itself does not establish that a notice will be issued. The important step is to review the difference and ensure the ITR is complete and accurate.
Related EZTax Resources
- What Is AIS (Annual Information Statement) in Income Tax?
- AIS vs Form 26AS: What Is the Difference?
- How to Correct Incorrect Information in AIS
- AIS Reconciliation & AI-Powered Income Tax Filing with EZTax
- How to Download AIS Statement
