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AIS vs Form 26AS Reconciler
AIS = comprehensive (interest, dividends, mutual fund redemptions, foreign remittance, real estate, share trading). 26AS = only TDS/TCS. Filing ITR with mismatches between either statement is the #1 cause of post-filing notices.
| Income type | 26AS | AIS | Notes |
|---|---|---|---|
| TDS on salary | ✓ | ✓ | Both must match Form 16. |
| TDS on interest | ✓ | ✓ | Bank-by-bank breakdown in AIS. |
| TCS (purchases / LRS) | ✓ | ✓ | 20% LRS TCS shows in both. |
| Savings bank interest (no TDS) | — | ✓ | AIS-only since 2021. |
| Dividend received | ✓ (if TDS) | ✓ | AIS shows even untaxed dividends. |
| Mutual fund redemption | — | ✓ | AMC reports under SFT. |
| Equity sale (broker) | — | ✓ | Brokerage SFT reports profits. |
| Property purchase / sale | — | ✓ | Sub-registrar reports. |
| Foreign remittance (LRS) | ✓ (TCS only) | ✓ | Bank reports under SFT. |
| Cash deposits > ₹10L / yr | — | ✓ | Triggers an audit flag. |
| Credit card spends > ₹2L / month | — | ✓ | High-value items flagged. |
| Salary perquisite | ✓ | ✓ | Form 16 details. |
How it works
Form 26AS is the older tax-credit statement — TDS by employers, banks and tenants; TCS by car dealers and tour operators; advance tax and self-assessment payments. AIS (Annual Information Statement, launched FY 2020-21) is broader: it captures Specified Financial Transactions reported by banks, MFs, AMCs and registrars — dividends paid, mutual-fund redemptions, share sales, term-deposit interest, credit-card payments > ₹10 lakh and property registrations > ₹30 lakh. TIS (Taxpayer Information Summary) is the AIS aggregated by head.
Worked example
A salaried Mumbai professional sees ₹4,50,000 TDS in 26AS (Form 16 amount) and matches it to the salary head in AIS. But AIS additionally shows ₹85,000 mutual-fund redemption proceeds and ₹12,000 dividend — both must be declared as capital gains and other income in ITR-2, even if no TDS was deducted. Skipping these is the most common reason for an intimation u/s 143(1) refund-adjustment notice 6-9 months after filing.
When to use this
- Before opening ITR utility in June-July — reconcile first, file second
- If you have multiple bank accounts, MF folios or brokerage accounts (mismatch risk is highest)
- When you receive an AIS feedback request after marking a transaction as “incorrect”
Use our Form 26AS reader for a quick parse of the PDF, then run an income tax calculator against the reconciled income.
FAQ
AIS shows a transaction I didn't do — what to do?
Submit feedback on AIS portal (Income Tax e-filing → AIS) marking it "Information not pertaining to me". The IT dept then either removes it or flags for verification.
My TIS number is different from my actual return — issue?
TIS shows the IT dept's estimate; your ITR is your actual computation. They needn't match. But large discrepancies trigger scrutiny — explain in your return notes.
How often is AIS updated?
Quarterly. SFT reports flow in about 60-90 days after the reporting quarter. So Q4 (Jan-Mar) data usually shows up by July.